Stocks and Mutual Fund Ownership It has been found that

Chapter 8, Problem 6

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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

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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

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