A manufacturer claims that 40% of households are planning to purchase a new television in the next two years. An investment analyst is skeptical of this claim. In a survey of 1,010 randomly selected American households, only 374 responded that they plan to purchase a TV in the next two years. Is there convincing evidence that less than 40% of U. S. households plan to purchase a TV? What are the appropriate hypotheses for this test?
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