Reference no: EM13334741

Seven percent of mutual fund investors rate corporate stocks “very safe,” 58% rate them “somewhat safe,” 24% rate them “note very safe,” 4% rate them “not at all safe,” and 7% are “not sure.” A Business Week/Harris poll asked 529 mutual fund investors how they would rate corporate bonds on safety.

Safety Rating Frequency

Very safe-----------------48

Somewhat safe---------323

Not very safe------------79

Not at all safe-----------16

Not sure------------------63

Total---------------------529

Do mutual fund investors’ attitudes toward corporate bonds differ from their attitudes toward corporate stocks? Develop the hypothesis. Support your conclusion with a statistical test. Use a=0.01