Question: According to The Economist investors in Porsche are the dominant
According to The Economist, investors in Porsche are the dominant group within the larger VW Company that now owns the sports car maker. Let's take dominance to mean 50% ownership, and suppose that a random sample of 700 VW shareholders reveals that 220 of them own Porsche shares. Conduct the left-tailed test aimed at proving that Porsche shareholders are not dominant. What is the p-value?
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