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The mayor of a town has proposed a plan for the annexation of an adjoining bridge....

The mayor of a town has proposed a plan for the annexation of an adjoining bridge. A political study took a sample of 1000 voters in the town and found that 53%53% 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 over 49%. Determine the P-value of the test statistic. Round your answer to four decimal places.

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