Invested in an individual retirement account

Reference no: EM13687792

A survey of 800 workers indicated that approximately 465 have invested in an individual retirement account. Motional data suggests that 48% of workers invest in individual retirement accounts. Test an appropriate hypothesis with a=0.05 and state your conclusion.

H0: The percentage of people who have invested in an individual retirement account is

a. Greater than b. less than c. equal to d. different from ---- 48%

HA: The percentage of people who have invested in an individual retirement account is

Greater than b. less than c. equal to d. different from ---- 48%

Reference no: EM13687792

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