Consider the following hypothesis test:
Ho: P 
0.8
Ha: P > 0.8
A sample of 400 provided a sample proportion of 0.853.
a.Determine the standard error of the proportion.
b.Compute the value of the test statistic.
c.Determine the p-value; and at 95% confidence, test the above hypotheses.
Definitions:
One Month
A period of time extending roughly from a specific date in one calendar month to the corresponding date in the next calendar month.
One Year
A period consisting of 12 consecutive months or 365 days.
Budget Period
A specific time frame for which financial planning, expenditure, and allocations are made and tracked.
Monthly
Pertains to something occurring every month or related to a particular month.
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