Resource representative claims that the proportion of

Last updated: 8/23/2023

Resource representative claims that the proportion of employees earning more than 50 000 is less than 40 To test this claim frandom sample of 100 employees is taken and 305 employees are determince to eam more than 50 000 The following is the setup for this hypothesistest H Ho P 0 40 Ha PE 0 40 Find the p value for this hypothesis test for a proportion and round your answer to 3 decimal places The Following Table can be utilized which provides areas under the Standard Normal Curve Z 0 00 0 03 0 04 0 05 0 06 0 07 0 08 0 01 0 02 1 5 0 933 0 934 0 936 0 937 0 938 0 939 0 941 0 942 0 943 1 60 945 0 946 0 947 0 948 0 949 0 951 0 952 0 953 0 954 1 7 0 955 0 956 0 957 0 958 0 959 0 960 0 961 0 962 0 962 1 8 0 964 0 965 0 966 0 966 0 967 0 968 0 969 0 969 0 970 1 9 0 971 0 972 0 973 0 973 0 974 0 974 0 975 0 976 0 976 2 0 0 977 0 978 0 978 0 979 0 979 0 980 0 980 0 981 0 981 0 09 6 944 6 954 0 963 9 97