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Mathematics, 10.07.2019 04:40 itsbabyc

Last year, a comprehensive report stated that 35% of businesses in northeast of ohio were considered highly profitable. this year, based on a sample of 40 business owners, a survey your team conducted indicated that 16 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. (note from the instructor - think about this concept for your studying purposes)

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