. Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 0.6. A financial advisor believes that the proportion is actually less thanb0.6 A survey of 28 investors found that 16 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief. Determine the null hypothesis, H0 ___ ___ ____ and the alternative hypothesis, H1 ___ ____ _____ (Type integers or decimals. Do not round.)
. Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 0.6. A financial advisor believes that the proportion is actually less thanb0.6 A survey of 28 investors found that 16 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief. Determine the null hypothesis, H0 ___ ___ ____ and the alternative hypothesis, H1 ___ ____ _____ (Type integers or decimals. Do not round.)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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4. Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 0.6.
A financial advisor believes that the proportion is actually less thanb0.6 A survey of 28 investors found that 16 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief.
Determine the null hypothesis,
H0 ___ ___ ____
and the alternative hypothesis,
H1 ___ ____ _____
(Type integers or decimals. Do not round.)
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