A well-known brokerage firm executive claimed that at least 24 % of investors are currently confident...

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A well-known brokerage firm executive claimed that at least 24 %of investors are currently confident of meeting their investmentgoals. An XYZ Investor Optimism Survey, conducted over a two weekperiod, found that out of 144 randomly selected people, 42 of themsaid they are confident of meeting their goals.

Perform a hypothesis test. Cleary label and show all foursteps.

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