Solution-Employees investing in individual investment

Employees investing in individual investment accounts

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Reference no: EM131319015

Hello Kitty Company claims that the proportion of its employees investing in individual investment accounts is higher than national proportion of 50%. A survey of 100 employees in Hello Kitty Company indicated that 58 of them have invested in an individual investment account. Assume Amanda wants to use a 0.10 significance level to test the claim.

(a) Identify the null hypothesis and the alternative hypothesis.

(b) Determine the test statistic.

(d) Is there sufficient evidence to support Hello Kitty Company's claim that the proportion of its employees investing in individual investment accounts is higher than 50%? Explain.

Reference no: EM131319015

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Employees investing in individual investment accounts

Reference no: EM131319015

Reference no: EM131319015

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