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The manufacturer of a new chewing gum claims that at least 80% of dentists surveyed prefer their type of gum and recommend it for their patients who chew gum.An independent consumer research firm decides to test their claim.The findings in a sample of 200 dentists indicate that 74.1% of the respondents do actually prefer their gum.
-What are the null and alternative hypotheses for the test?
Fraud
Deceptive action designed to provide an unfair advantage or benefit to the individual or entity committing the fraud.
HDC
Holder in Due Course, a term in negotiable instruments law referring to someone who has acquired a negotiable instrument in good faith for value, with certain protections.
Promissory Note
A financial instrument containing a written promise by one party to pay another party a definite sum of money at a specified future date or on demand.
Illegal Transaction
A deal or exchange that violates state or federal laws and is therefore void and unenforceable.
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