Formulate and test hypotheses to determine if statistical evidence suggests that the graduation rate for (1) top

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Formulate and test hypotheses to determine if statistical evidence suggests that the graduation rate for (1) top liberal arts colleges or (2) research universities in the sample Colleges and Universities exceeds 90%. Do the data support a conclusion that the graduation rates exceed 85%? Would your conclusions change if the level of significance was 0.01 instead of 0.05?

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