Mathematics, 25.03.2021 20:30 aashya16
Last year, a comprehensive report stated that 34% of businesses in northeast of Ohio were considered highly profitable. This year, based on a sample of 48 business owners, a survey your team conducted indicated that 15 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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