Can you answer parts a,b, and c please? Mike claims that more than 80% of all investors believe the stock market will continue to decline the rest of the year. In order to test Mike's claim, a sample of 150 investors is taken. In the sample, 105 investors indicated that they believe the stock market will continue to decline the rest of the year. a. State the null and alternative hypothesis that would be used to test Mike's claim that more than 80% of all investors believe the stock market will continue to decline the rest of the year. b. What is the appropriate test statistic? c. Determine the critical value(s) for this test usign a 5% significance level. d. Calculate the value of the test statistic based upon the sample result. e. What is your decision and conclusion?
Can you answer parts a,b, and c please?
Mike claims that more than 80% of all investors believe the stock market will continue to decline the rest of the year. In order to test Mike's claim, a sample of 150 investors is taken. In the sample, 105 investors indicated that they believe the stock market will continue to decline the rest of the year.
a. State the null and alternative hypothesis that would be used to test Mike's claim that more than 80% of all investors believe the stock market will continue to decline the rest of the year.
b. What is the appropriate test statistic?
c. Determine the critical value(s) for this test usign a 5% significance level.
d. Calculate the value of the test statistic based upon the sample result.
e. What is your decision and conclusion?
Step by step
Solved in 3 steps with 4 images
