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One study claimed that 86% of college students identify themselves as procrastinators. A professor believes that the claim regarding college students is too high. The professor conducts a simple random sample of 134 college students and finds that 109 of them identify themselves as procrastinators. Does this evidence support the professor’s claim that fewer than 86% of college students are procrastinators? Use a 0.05 level of significance.
Step 3 of 3: Draw a conclusion and interpret the decision.