The american association of individual investors (aaii) conducts a weekly survey of its members to measure the percent who are b

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The american association of individual investors (aaii) conducts a weekly survey of its members to measure the percent who are b

ullish, bearish, and neutral on the stock market for the next six months. For the week ending march , , the survey results showed bullish, neutral, and bearish. Assume these results are based on a sample of aaii members

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1 answer:

alexandr1967 [171] · Answer 1 · 2023-04-03T10:57:09+03:00

The information about the American association of individual investors shows that the test statistic is -1.89.

<h3>How to calculate the test statistic?</h3>

From the complete information, it was stated that the survey results showed 33.2% bullish, 39.6% neutral, and 27.2% bearish and there were 300 members.

Therefore, the test statistic will be:

= 0.332 - 0.385 / (✓0.385 × ✓0.615 / ✓300)

= -1.89

In conclusion, the test statistic is -1.89.

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