In: Statistics and Probability
The mayor of a town has proposed a plan for the annexation of an adjoining bridge. A political study took a sample of 1500 voters in the town and found that 47% of the residents favored annexation. Using the data, a political strategist wants to test the claim that the percentage of residents who favor annexation is above 44%. Determine the P-value of the test statistic. Round your answer to four decimal places.