A well-known brokerage firm executive claimed that at least 86 % of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that out of 61 randomly selected people, 50 of them said they are confident of meeting their goals. Suppose you are have the following null and alternative hypotheses for a test you are running: H0:p=0.86 Ha:p≠0.86 Calculate the test statistic, rounded to 3 decimal places

A well-known brokerage firm executive claimed that at least 86 % of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that out of 61 randomly selected people, 50 of them said they are confident of meeting their goals. Suppose you are have the following null and alternative hypotheses for a test you are running: H0:p=0.86 Ha:p≠0.86 Calculate the test statistic, rounded to 3 decimal places

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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