Answer:
Now we can calculate the p value given by:
Explanation:
Information provided
n=700 represent the random sample selected
estimated proportion of college enrollment
is the value that we want to test
z would represent the statistic
represent the p value (variable of interest)
System of hypothesis
we want to check if the true proportion for the college enrollment is higher thna 0.48, the system of hypothesis are:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
Replacing the info given we have:
Now we can calculate the p value given by: