According to a poll, approximately 49% of americans spent over $500 on holiday presents in 1998. suppose you took a random sample of 120 shoppers and found that 71 spent over $500 on holiday presents in 1999. using a null hypothesis that the proportion is. 49 and an alternative that the proportion is greater than. 49, what would a hypothesis test suggest about the proportion of people spending over $500 on holiday presents?
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