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A Random Sample of 400 Families Who Planned to Buy

Question 173

Essay

A random sample of 400 families who planned to buy a vacation residence revealed that 228 families want to buy a condominium in Florida. What is the test statistic to evaluate the statement that 55% of those families who plan to purchase a vacation residence in Florida want a condominium?

Correct Answer:

verifed

Verified

z = 0.8040
Explanation: We use...

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