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QUESTION

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. 

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