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It is generally believed that no more than 0.50 of all babies in a town in Texas are born out of wedlock. A politician claims that the proportion of babies born out of wedlock is increasing. Identify the correct null and alternative hypotheses to test the politician's claim.
Average Fixed Cost
The cost per unit that remains constant regardless of the level of production or output.
Output
The total amount of goods or services produced by a company or economy.
Total Cost
The total expense incurred in the production of goods or services, including both fixed and variable costs.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced.
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