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# A well-known brokerage firm executive claimed that 60% ofinvestors are currently confident of meeting their investmentgoals. An XYZ Investor Optimism Survey, conduc...

## Question

###### A well-known brokerage firm executive claimed that 60% ofinvestors are currently confident of meeting their investmentgoals. An XYZ Investor Optimism Survey, conducted over a two weekperiod, found that in a sample of 600 people, 61% of them said theyare confident of meeting their goals.Test the claim that the proportion of people who are confident islarger than 60% at the 0.025 significance level.1. Right-tailed, Left-tailed, or Two-tailed? 2. Test Statistic? (round to 3 decimals)3. P-Value? (ro

A well-known brokerage firm executive claimed that 60% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in a sample of 600 people, 61% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is larger than 60% at the 0.025 significance level. 1. Right-tailed, Left-tailed, or Two-tailed? 2. Test Statistic? (round to 3 decimals) 3. P-Value? (round to 4 decimals)

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