A human resources representative claims that the proportion of employees earning more than $50,000 is less...
A human resources representative claims that the proportion of employees earning more than $50,000 is less than 40%. To test this claim, a random sample of 700 employees is taken and 305 employees are determined to earn more than $50,000.
The following is the setup for this hypothesis test:
{H0:p=0.40Ha:p<0.40
Find the test statistic for this hypothesis test for a proportion. Round your answer to 2 decimal places.
Provide your answer below:
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A human resources representative claims that the proportion of
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