Question: An Internet browser monopolist faces a demand curve Q = 75 - 1/4P and constant marginal cost of $68.00.A (fictional) economic downturn has resulted in

An Internet browser monopolist faces a demand curve Q = 75 - 1/4P and constant marginal cost of $68.00.A (fictional) economic downturn has resulted in a national unemployment rate of 9.8 percent. The State of New York has been hard-hit and is attempting to lure additional bailout money to their area. To support their argument for additional funds, they conduct a simple random sample of 975 people and find that 110 persons reported being unemployed. Based on the information provided, determine whether the proportion of unemployed persons in New York is higher than the national average. Use an alpha of 0.02. Include all five steps of hypothesis testing in your

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