A real estate investor is investigating whether the

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Reference no: EM13644484

A real estate investor is investigating whether the proportion of properties sold at auctions has declined from last year, when the proportion was 40%. Let p be the proportion of properties sold at auctions this year? a sample of 400 property auctions found that 150 had sold. What is the value of the test statistic to test the hypotheses? Give your answer to 2 decimal places.

Reference no: EM13644484

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