USE 3 DECIMAL A financial analyst wants to understand the preference of the people investment strategy. A randomly selected people asked a question about the preference investment on their money either on " real estate" or "stock market". After collecting a data some statistical analysis is done to understand the main question of the analyst. Here is the financial analyst thought : A financial analyst thinks that there is a decreasing ratio on investing the money to "stock" for last 5 years. In order to test the decrease of the preference on stock a research is done and the following numbers are collected in 2010 and 2015. 2015 2010 Number of people asked 250 400 Number of people who prefer stock 110 188 The analyst claims that there is an increasing trend for every new year for investing the money to stock exchange. That means the ratio of people who invest their money to "stock" in 2015 is less than that of 2010,(H 5 :P 2010 > P2015 ) Calculate test statistics .
USE 3 DECIMAL A financial analyst wants to understand the preference of the people investment strategy. A randomly selected people asked a question about the preference investment on their money either on " real estate" or "stock market". After collecting a data some statistical analysis is done to understand the main question of the analyst. Here is the financial analyst thought :
A financial analyst thinks that there is a decreasing ratio on investing the money to "stock" for last 5 years. In order to test the decrease of the preference on stock a research is done and the following numbers are collected in 2010 and 2015.
2015 2010
Number of people asked 250 400
Number of people who prefer stock 110 188
The analyst claims that there is an increasing trend for every new year for investing the money to stock exchange. That means the ratio of people who invest their money to "stock" in 2015 is less than that of 2010,(H 5 :P 2010 > P2015 ) Calculate test statistics .
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