Question: You may need to use the appropriateappendix tableortechnologyto answer this question. Ten years ago54% of a country's families owned stocks or stock funds. Sample data
You may need to use the appropriateappendix tableortechnologyto answer this question.
Ten years ago54% of a country's families owned stocks or stock funds. Sample data collected by an investment company indicated that the percentage is currently46%.

(=) Develop appropriate hypotheses such that rejection of H, will support the conclusion that a smaller proportion of the country's families own stocks or stock funds now versus 10 years ago. Ho: p > 0.54 Hip s 0.54 O H: p = 0.54 H.: p = 0.54 Hip 0.54 (b) Assume the investment company sampled 300 of the country's families to estimate that the percent owning stocks or stock funds is currently 46%. What is the p-value for your hypothesis test? Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = At a = 0.01, what is your conclusion? O Reject H. There is insufficient evidence to conclude that there has been a statistically significant decline in the proportion of the country's families owning stocks or stock funds over last ten years. O Do not reject Ho. There is sufficient evidence to conclude that there has been a statistically significant decline in the proportion of the country's families owning stocks or stock funds over the last ten years. Do not reject Ho. There is insufficient evidence to conclude that there has been a statistically significant decline in the proportion of the country's families owning stocks or stock funds over the last ten years. O Reject Ho. There is sufficient evidence to conclude that there has been a statistically significant decline in the proportion of the country's families owning stocks or stock funds over the last ten years
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