An investor thinks that investment preference on "real estate" is more than "stock" investment. In order to understand the true population proportion of investors who invest the money on "stock" 1000 investors randomly selected are asked "What is your investment preference as "real estate" or "stock"? 350 of the investors prefer "real estate". Test the hypothesis that preference of stock is at most 45% at 1%? Find the correct answer for the hypothesis and find the correct answer for critical value

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Author:Amos Gilat
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An investor thinks that investment preference on "real estate" is more than "stock" investment. In order to
understand the true population proportion of investors who invest the money on "stock" 1000 investors randomly
selected are asked "What is your investment preference as "real estate" or "stock"? 350 of the investors prefer "real
estate". Test the hypothesis that preference of stock is at most 45% at 1%? Find the correct answer for the
hypothesis and find the correct answer for critical value
Transcribed Image Text:An investor thinks that investment preference on "real estate" is more than "stock" investment. In order to understand the true population proportion of investors who invest the money on "stock" 1000 investors randomly selected are asked "What is your investment preference as "real estate" or "stock"? 350 of the investors prefer "real estate". Test the hypothesis that preference of stock is at most 45% at 1%? Find the correct answer for the hypothesis and find the correct answer for critical value
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