Homework 13 Question 3

Among a simple random sample of 323
American adults who do not have a four-year college degree and are not currently enrolled in school, 47
% said they decided not to go to college because they could not afford school.

(a) A newspaper article states that only a minority of the Americans who decide not to go to college do so because they cannot afford it and uses the point estimate from this survey as evidence. Conduct a hypothesis test to determine if these data provide strong evidence supporting this statement. Use a significance level of α=0.07

I'm a bit confused about how to go about gettin the P-value given this info.


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