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1.A consulting firm had predicted that 35% of the employees at a large firm would take advantage of a new company credit union, but management

1.A consulting firm had predicted that 35% of the employees at a large firm would take advantage of a new company credit union, but management is skeptical. They doubt the rate is that high. A survey 300 employees shows that 138 of them are currently taking advantage of the credit union. Apply hypothesis testing with a 1% significance level.

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