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Stocks and Mutual Fund Ownership It has been found that
Chapter 8, Problem 6(choose chapter or problem)
QUESTION:
Stocks and Mutual Fund Ownership It has been found that 50.3% of U.S. households own stocks and mutual funds. A random sample of 300 heads of households indicated that 171 owned some type of stock. At what level of significance would you conclude that this was a significant difference? Source: www.census.gov
Questions & Answers
QUESTION:
Stocks and Mutual Fund Ownership It has been found that 50.3% of U.S. households own stocks and mutual funds. A random sample of 300 heads of households indicated that 171 owned some type of stock. At what level of significance would you conclude that this was a significant difference? Source: www.census.gov
ANSWER:At the 95% confidence level, the z-score would be 1.96. If the sample m