(Answered) A government agency believe that the proportion of

Management Studies

A government agency believe that the proportion of investment banking firms who have had at least one of their investment bankers arrested or indicted for illegal insider trading during the past year exceeds 30%. In a sample of 50 investment banking firms, the agency found that 18 of the firms sampled had at least one investment banker arrested or indicted during the past year. Does this study support the claim? Use alpha = .025. Find an appropriate p-value.

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