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He surveyed a random sample of 250 families and found that

Question: A recent survey in the N.Y. Times Almanac indicated that 48.8% of families own stock. A broker wanted to determine if this survey could be valid. He surveyed a random sample of 250 families and found that 142 owned some type of stock. At the 0.05 significance level, can the survey be considered to be accurate?

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Basic Statistics: He surveyed a random sample of 250 families and found that

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