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Lets assume that the null hypothesis: 80% of individuals with age >50 will spend $10,000 or more on healthcare in a given year and the
Lets assume that the null hypothesis: 80% of individuals with age >50 will spend $10,000 or more on healthcare in a given year and the alternative hypothesis is that 80% of individuals with age <50 will spend $10,000 or more on healthcare on a given year. Find the p-value and explain if we should reject the null hypothesis or not.
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