goodness of fit statistics Seven percent of those who invest in mutual funds consider corporate stocks to be “very safe”, 58% consider them “relatively safe”, 24% consider them “not very safe”, 4% consider them “not safe” and 7% "They are not safe at all." Business / Week / Harris asked 550 mutual fund investors how they would rate corporate bonds for safety. The answers were the following
goodness of fit statistics
Seven percent of those who invest in mutual funds consider corporate stocks to be “very safe”, 58% consider them “relatively safe”, 24% consider them “not very safe”, 4% consider them “not safe” and 7% "They are not safe at all." Business / Week / Harris asked 550 mutual fund investors how they would rate corporate bonds for safety. The answers were the following
|
Security |
Frequency |
|
Very safe |
62 |
|
Relatively safe |
323 |
|
Not very safe |
76 |
|
Not safe |
26 |
|
Not safe at all |
63 |
Does the attitude of mutual fund investors differ from corporate bonds from their attitude to corporate stocks? Support your conclusion by giving a statistical test. Use α = 0.01.
For this problem you must present:
-Hypothesis
-Result of the
-Analysis of the results in the chi square test and its conclusion in applied terms of the problem
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