A professor claims that 70% of College of Business graduates earn more than $45,000 per year. In a random sample of 300 graduates, 195 earn more than $45,000. Can we reject the professor's claim at the 5% significance level?
Test statistic = ______________
p-value = ______________
Conclusion: ______________
Interpretation: __________________________________________

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The Answer of A professor claims that 70% of College of Business graduates earn more than $45,000 per year. In a random sample of 300 graduates, 195 earn more than $45,000. Can we reject the professor's claim at the 5% significance level?
Test statistic = ______________
p-value = ______________
Conclusion: ______________
Interpretation: __________________________________________

A Professor Claims That 70% of College of Business Graduates