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Do you reject the null hypothesis

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Reference no: EM13319803

A random sample of 104 executives was asked about their views on the economy. 40 percent said it would improve (the rest saying it would not improve). Test the hypothesis that the true fraction of all executives who believe the economy will improve is 50 percent. Do you reject the null hypothesis - why or why not? Use both a one-side and a two-sided test, and state which makes more sense.

Reference no: EM13319803

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