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What type of educational background do CEOs have? In one survey, economists 328 randomly selected CEOs...

What type of educational background do CEOs have? In one survey, economists 328 randomly selected CEOs of medium and large companies were asked whether they had an MBA degree, and found 98 who had an MBA degree. The economists were interested in testing if the proportion of CEO's with MBA's has changed from the value of 27% that was true 5 years ago. Are the conditions met to conduct that hypothesis test?

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