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A rent to own agreement allows the renter to either return the merchandise after a specific period of time or apply the monthly payments towards
A rent to own agreement allows the renter to either return the merchandise after a specific period of time or apply the monthly payments towards purchasing The items or clearly, the rent term could default on the agreement. A rent to own company reports that nationally 61% of the agreements result in the merchandise being returned, 28% of the agreements result in the merchandise being purchased, and the remaining agreements are defaulted on (customer does not make required payments specified in the contact). Add a local rent to own company, a sample of 203 agreements finds that 108 results in the merchandise being returned, 74 agreements result in the merchandise being purchased and the remaining agreements for defaulted upon when the testing at the 5% level of significance weather proportions of local company are different than the proportions nationally, what is the critical value *** please round your answer to three decimal places***
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