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Write the hypotheses to test if the rate of claims

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An insurance company states that at least 90% of its claims are settled within 30 days. A consumer group selected a random sample of 76 of the company's claims to test this statement. They found that 66 of the claims were settled within 30 days. Does the consumer group have evidence to disbelieve the insurance company's claim?

1. Write the hypotheses to test if the rate of claims settled within 30 days is less than 90%.

Reference no: EM132464153

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