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A magazine is considering the launch of an online edition. The magazine plans to go ahead...

A magazine is considering the launch of an online edition. The magazine plans to go ahead if it is convinced that more than 25% of the current readers would subscribe. The magazine contacted a random sample of 200 current subscribers and 60 of those surveyed expressed interest. Should the magazine launch the online edition, if the chosen level of significance is 5%? Show your work. What is the P Value?

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