A well-known brokerage firm executive claimed that 50% 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 800 people, 56% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is larger than 50% at the 0.10 significance level. The null and alternative hypothesis would be: H0:p=0.5H0:p=0.5 H1:p<0.5H1:p<0.5 H0:μ=0.5H0:μ=0.5 H1:μ≠0.5H1:μ≠0.5 H0:μ=0.5H0:μ=0.5 H1:μ<0.5H1:μ<0.5 H0:μ=0.5H0:μ=0.5 H1:μ>0.5H1:μ>0.5 H0:p=0.5H0:p=0.5 H1:p≠0.5H1:p≠0.5 H0:p=0.5H0:p=0.5 H1:p>0.5H1:p>0.5 The test is: right-tailed left-tailed two-tailed The test statistic is: (to 3 decimals) The p-value is: (to 4 decimals) I am just lost on how to do the steps. thanks
A well-known brokerage firm executive claimed that 50% 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 800 people, 56% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is larger than 50% at the 0.10 significance level. The null and alternative hypothesis would be: H0:p=0.5H0:p=0.5 H1:p<0.5H1:p<0.5 H0:μ=0.5H0:μ=0.5 H1:μ≠0.5H1:μ≠0.5 H0:μ=0.5H0:μ=0.5 H1:μ<0.5H1:μ<0.5 H0:μ=0.5H0:μ=0.5 H1:μ>0.5H1:μ>0.5 H0:p=0.5H0:p=0.5 H1:p≠0.5H1:p≠0.5 H0:p=0.5H0:p=0.5 H1:p>0.5H1:p>0.5 The test is: right-tailed left-tailed two-tailed The test statistic is: (to 3 decimals) The p-value is: (to 4 decimals) I am just lost on how to do the steps. thanks
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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A well-known brokerage firm executive claimed that 50% 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 800 people, 56% of them said they are confident of meeting their goals.
Test the claim that the proportion of people who are confident is larger than 50% at the 0.10 significance level.
The null and alternative hypothesis would be:
H0:p=0.5H0:p=0.5
H1:p<0.5H1:p<0.5
H1:p<0.5H1:p<0.5
H0:μ=0.5H0:μ=0.5
H1:μ≠0.5H1:μ≠0.5
H1:μ≠0.5H1:μ≠0.5
H0:μ=0.5H0:μ=0.5
H1:μ<0.5H1:μ<0.5
H1:μ<0.5H1:μ<0.5
H0:μ=0.5H0:μ=0.5
H1:μ>0.5H1:μ>0.5
H1:μ>0.5H1:μ>0.5
H0:p=0.5H0:p=0.5
H1:p≠0.5H1:p≠0.5
H1:p≠0.5H1:p≠0.5
H0:p=0.5H0:p=0.5
H1:p>0.5H1:p>0.5
H1:p>0.5H1:p>0.5
The test is:
right-tailed
left-tailed
two-tailed
The test statistic is: (to 3 decimals)
The p-value is: (to 4 decimals)
I am just lost on how to do the steps. thanks
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