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Many franchisers favor owners who operate multiple stores by providing them with preferential treatment. Suppose the Small Business Administration would like to perform a hypothesis

Many franchisers favor owners who operate multiple stores by providing them with preferential treatment. Suppose the Small Business Administration would like to perform a hypothesis test to investigate if 80% of franchisees own only one location using = 0.05. A random sample of 120 franchisees found that 85 owned only one store. The correct hypothesis statement for this hypothesis test would be __________________________

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