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In: Statistics and Probability

A well known brokerage firm executive claimed that at least 55% of investors are currently confident...

A well known brokerage firm executive claimed that at least 55% of investors are currently confident of meeting their investment goals. an XYZ investor optimism survey, conducted over a two week period, found that out of 85 randomly selected people, 49 of them said they are confident of their goals.

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Expert Solution

There is not sufficient evidence to reject the claim that at least 55% of investors are currently confident of meeting their investment goals.

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