A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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A well-known brokerage firm executive claimed that at least 55 % of investors are currently confident of
meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found
that out of 58 randomly selected people, 30 of them said they are confident of meeting their goals.
Suppose you are have the following null and alternative hypotheses for a test you are running:
Ho:p =
Ha:p + 0.55
0.55
а
Calculate the test statistic, rounded to 3 decimal places
= Z
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Transcribed Image Text:A well-known brokerage firm executive claimed that at least 55 % of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that out of 58 randomly selected people, 30 of them said they are confident of meeting their goals. Suppose you are have the following null and alternative hypotheses for a test you are running: Ho:p = Ha:p + 0.55 0.55 а Calculate the test statistic, rounded to 3 decimal places = Z
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