Stockownership between the four age group

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Problem: In the last decade stockbrokers have drastically changed the way they do business. Internettrading has became quite common and online trades can cost as little as $7.

It is now easierand cheaper to invest in the stock market than ever before. What are the effects of thesechanges? To help answer this question, a financial analyst randomly sampled 366 Americanhouseholds and asked each to report the age of the head of the household and the proportionof their financial assets that are invested in the stock market. The age categories are:Young (under 35)Early middle age (35 to 40)Late middle age (50 to 65)Senior (over 65)The analyst was particularly interested in determining whether the ownership of stocks variedby age.

Do these data allow the analyst to determine that there are differences in stockownership between the four age group? Check the required conditions.File: Proportion of Total Assets Invested in Stocks

Reference no: EM133481364

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