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Mathematics, 14.04.2020 23:12 luisgonz5050
Last year, a comprehensive report stated that 28% of businesses in the northeast of Ohio were considered highly profitable. This year, based on a sample of 50 business owners, a survey your team conducted indicated that 19 businesses were highly profitable.
Would you conclude that the proportion of businesses that are highly profitable increased or decreased from last year with a statistical significance?
Use a statistical hypothesis test to determine this, using a 1% significance level.
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