Question

History of corporate acquisitions. Refer to the Academy of Management Journal (August 2008) investigation of the performance and timing of corporate acquisitions, Exercise 2.122.12 (p. 50). Recall that the investigation discovered that in a random sample of 2,778 firms, 748 announced one or more acquisitions during the year 2000 . Does the sample provide sufficient evidence to indicate that the true percentage of all firms that announced one or more acquisitions during the year 2000 is less than 30%30 \% ? Use α=.05\alpha=.05 to make your decision.

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In this exercise, we will find out if the sample provide sufficient evidence to indicate that the true percentage of all firms that announced one or more acquisitions during the year 2000 is less than 30%.

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