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In: Statistics and Probability

A survey of 70 people conducted by a companys statistical research department concluded that 45 respondents...

A survey of 70 people conducted by a companys statistical research department concluded that 45 respondents claimed they do not trust their insurance companies. According to the company it has become common place to believe that the majority of respondents do not trust insurance companies. Test the validity of this claim with a significance level of 0.05.

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