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Fancorp a consulting firm claims that less than half of

Fancorp (a consulting firm) claims that "less than half of franchises are owned by husband-wife team." A simple random sample of 37 franchise owners shows that 12 are owned by husband-wife team. Can you confirm Fancorp's claim at α = 0.05? (Use p-value approach)

[Note: the hypothesis one wants to reject is usually the null hypothesis and the hypothesis one wants to conclude is usually the alternative hypothesis.]

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Basic Statistics: Fancorp a consulting firm claims that less than half of

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