USE 3 DECIMALA financial analyst wants to understand the preference of the people investmentstrategy. A randomly selected people asked a question about the preferenceinvestment on their money either on "real estate" or "stock market". Aftercollecting a data some statistical analysis is done to understand the mainquestion of the analyst. Here is the financial analyst thought:A financial analyst thinks that there is an increasing ratio on investing themoney to "real estate" for last 5 years. In order to test the decrease of thepreference on real estate a research is done and the following numbers arecollected in 2010 and 2015.2015 2010Number of people asked250 400Number of people who prefer real estate 140 212The analyst claims that there is an increasing trend for every new year forinvesting the money to real estate. That means the ratio of people whoinvest their money to "real estate" in 2015 is less than that of in 2010. (H1:P2010 > P2015)Calculate test statistics.

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The analyst claims that there is an increasing trend for every new year for investing the money to real estate. That means the ratio of people who invest their money to "real estate" in 2015 is less than that of in 2010. (H1: P2010 > P2015) Calculate test statistics.

The analyst claims that there is an increasing trend for every new year for investing the money to real estate. That means the ratio of people who invest their money to "real estate" in 2015 is less than that of in 2010. (H1: P2010 > P2015) Calculate test statistics.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 15PPS

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

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 an increasing ratio on investing the
money to "real estate" for last 5 years. In order to test the decrease of the
preference on real estate 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 real estate 140 212
The analyst claims that there is an increasing trend for every new year for
investing the money to real estate. That means the ratio of people who
invest their money to "real estate" in 2015 is less than that of in 2010. (H1:
P2010 > P2015)
Calculate test statistics.

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