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In a sample of 1000 home buyers, you find that 401 home buyers found their real estate agent through a friend. At =0.
In a sample of 1000
home buyers, you find that 401
home buyers found their real estate agent through a friend. At α=0.6,
can you reject the claim that 45%
of home buyers find their real estate agent through a friend?
calculate the critical value of z0 and the standardized test statistic.