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A survey of 1196 CEOs finds that 705 believe the economy will improve next year. We are trying to investigate if the proportion of CEOs who believe the economy will improve next year is less than the 68%.

What is the value of the test statistic z for this test?

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A survey of 1196 CEOs finds that 705 believe the economy will improve next year. We are trying to investigate if the proportion of CEOs who believe the economy will improve next year is less than the 68%.
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