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Q4: A bank will open a new branch in a particular neighborhood if it can be...

Q4: A bank will open a new branch in a particular neighborhood if it can be reasonably sure that at least 10% of the residents will consider banking at the new branch. The bank will use a significance level of 0.05 to make its decision. The bank does a survey of residents of a particular neighborhood and finds that 19 out of 100 random people surveyed said they'd consider banking at the new branch. Run a z-test for a single proportion and determine whether the bank should open the new branch, considering its standard policy.

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