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QN. 3
A sample of 111 mortgages approved during the current year showed that 32 were issued to a
single-earner family or individual. The historical percentage is 24 percent.
At the .05 level of significance in a right-tailed test, has the percentage of single-earner or
individual mortgages risen?
H0: .24 versus H1: > .24.
CALCULATE THE TEST STATIC (Round intermediate calculations to 2 decimal places.
Round your answer to 4 decimal places).

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