MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A well-known brokerage firm executive claimed that 80% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in a sample of 400 people, 72% of them said they are confident of meeting their goals.
Test the claim that the proportion of people who are confident is smaller than 80% at the 0.10 significance level.
The null and alternative hypothesis would be:
H0:p≤0.8H0:p≤0.8 H1:p>0.8H1:p>0.8 H0:μ=0.8H0:μ=0.8 1:μ≠0.8H1:μ≠0.8 H0:μ≤0.8H0:μ≤0.8 H1:μ>0.8H1:μ>0.8H0:p=0.8H0:p=0.8H1:p≠0.8H1:p≠0.8 H0:p≥0.8H0:p≥0.8
H1:p<0.8H1:p<0.8 H0:μ≥0.8H0:μ≥0.8 H1:μ<0.8H1:μ<0.8
The test is:
The p-value is: __?___ (to 4 decimals)
left-tailed right-tailed two-tailed
The test statistic is: __?___ (to 3 decimals)The p-value is: __?___ (to 4 decimals)
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