A large number of American families are invested in the stock market. Many have various pension plans

Question:

A large number of American families are invested in the stock market. Many have various pension plans that use contributed funds to buy stocks. Many others have directly held shares in the stock market.

a. Estimate the mean total value of stocks held directly by the household (STOCKS).

b. What is the required condition for the test in part (a)?

c. Is the required condition satisfied? Explain.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...