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A recent article in the Daily Express newspaper reported that only one in four new college...

A recent article in the Daily Express newspaper reported that only one in four new college graduates are able to obtain a job. The reason stated is that there is an overabundance of college graduates and a recession.

A survey of 150 college graduates revealed that 47 had jobs. Using a significance level of α=0.01, conduct a hypothesis test to examine if a larger proportion of college graduates have jobs than the newspapers claim.

(2 decimal places)

1- State the decision rule for 0.01 significance level: Reject H0 if z is >______

2- Compute the value of the test statistic. t=

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