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The bank wishes to determine if the proportion is higher this year. It examined 20,000 deposit records and found that 9,217 were electronic. Determine, at
The bank wishes to determine if the proportion is higher this year. It examined 20,000 deposit records and found that 9,217 were electronic. Determine, at the 1% level of significance, whether the data provide sufficient evidence to conclude that more than 45% of all deposits to checking accounts are now being made electronically.
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