A well-known brokerage firm executive claimed that 10% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in a sample of 200 people, 7% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is smaller than 10% at the 0.05 significance level. The null and alternative hypothesis would be: Ho:µ = 0.1 Ha:µ + 0.1 Ο H0:μ<0.1 Ha:µ > 0.1 О Но:р > 0.1 Ha:p < 0.1 Ho: µ > 0.1 Ha: µ < 0.1 Ho:p < 0.1 Ha:p > 0.1 O Ho :p = 0.1 Ha:p + 0.1 The test is: left-tailed two-tailed O right-tailed

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A well-known brokerage firm executive claimed that 10% of
investors are currently confident of meeting their
investment goals. An XYZ Investor Optimism Survey,
conducted over a two week period, found that in a sample
of 200 people, 7% of them said they are confident of
meeting their goals.
Test the claim that the proportion of people who are
confident is smaller than 10% at the 0.05 significance level.
The null and alternative hypothesis would be:
Ο H: μ -0.1
Ha:µ # 0.1
Ho : u < 0.1
На: и > 0.1
Но:р > 0.1
На:р < 0.1
Ho: u > 0.1
На: р < 0.1
О Но:р< 0.1
Ha:p > 0.1
Ho:p = 0.1
Ha:p + 0.1
The test is:
O left-tailed
two-tailed
right-tailed
Transcribed Image Text:A well-known brokerage firm executive claimed that 10% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in a sample of 200 people, 7% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is smaller than 10% at the 0.05 significance level. The null and alternative hypothesis would be: Ο H: μ -0.1 Ha:µ # 0.1 Ho : u < 0.1 На: и > 0.1 Но:р > 0.1 На:р < 0.1 Ho: u > 0.1 На: р < 0.1 О Но:р< 0.1 Ha:p > 0.1 Ho:p = 0.1 Ha:p + 0.1 The test is: O left-tailed two-tailed right-tailed
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