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A business journal investigation of the performance and timing of corporate acquisitions discovered that in a random sample of 2,599 firms, 673 announced one or
A business journal investigation of the performance and timing of corporate acquisitions discovered that in a random sample of 2,599 firms, 673 announced one or more acquisitions during the year 2000. Does the sample provide sufficient evidence to indicate that the true percentage of all firms that announced one or more acquisitions during the year 2000 is less than 28%? Use ? = 0.10 to make your decision.
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