Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 06 A financial advisor believes that that 16 of them were risk-averse Formulate a one-sample hypothesis test for a proportion to test this belief proportion is actually less than 06 A survey of 28 mvestors to Determine the null hypothesis, Ho, and the alternative hypothesis, H, Họ 6. < 6 (Type integers or decimals. Do not round) H, Compute the test statistic. - 31 (Round to two decimal places as needed) Find the p-value for the test. (Round to three decimal places as needed)

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4a) Find the p value for the test. See picture 

Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 06 A financial advisor believes that the proportion is actually less than 0 6 A survey of 28 mvestors found
that 16 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief.
Determine the null hypothesis, Ho, and the alternative hypothesis, H,
Họ:
6
H1
(Type integers or decimals. Do not round.)
Compute the test statistic.
- 31 (Round to two decimal places as needed.)
Find the p-value for the test.
(Round to three decimal places as needed.)
Transcribed Image Text:Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 06 A financial advisor believes that the proportion is actually less than 0 6 A survey of 28 mvestors found that 16 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief. Determine the null hypothesis, Ho, and the alternative hypothesis, H, Họ: 6 H1 (Type integers or decimals. Do not round.) Compute the test statistic. - 31 (Round to two decimal places as needed.) Find the p-value for the test. (Round to three decimal places as needed.)
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