Business Analytics (2nd Edition)
2nd Edition
ISBN: 9780321997821
Author: James R. Evans
Publisher: PEARSON
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Chapter 7, Problem 5PE
A financial advisor believes that the proportion of investors who are risk—averse (i.e., try to avoid risk in their investment decisions) is at least 0.7. A survey of 32 investors found that 20 of them were risk-averse. Formulate and test the appropriate hypotheses to determine whether his belief is valid.
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Business Analytics (2nd Edition)
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