A well-known brokerage firm executive claimed that at least 90% 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, 88% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is smaller than 90% at the 0.05 significance level. Determine the p-value to the fourth decimal place.Test the claim that the proportion of people who are confident is smaller than 90% at the 0.05 significance level. Determine the p-value to the thurd decimal place. _______________ the fourth decimal place. ______________
A well-known brokerage firm executive claimed that at least 90% 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, 88% of them said they are confident of meeting their goals.
Test the claim that the proportion of people who are confident is smaller than 90% at the 0.05 significance level. Determine the p-value to the fourth decimal place.Test the claim that the proportion of people who are confident is smaller than 90% at the 0.05 significance level. Determine the p-value to
the thurd decimal place. _______________
the fourth decimal place. ______________

Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images









