Question: Suppose a poll is taken that shows that 281 out of 500 randomly selected, independent people believe the rich should pay more taxes than they
Suppose a poll is taken that shows that 281 out of 500 randomly selected, independent people believe the rich should pay more taxes than they do. Test the hypothesis that a majority (more than 50%) believe the rich should pay more taxes than they do. Use a significance level of 0.05.
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