Question: Let p be the fraction of engineers who do not understand certain basic statistical concepts. Unfortunately, in the past, this number has been high, about

Let p be the fraction of engineers who do not understand certain basic statistical concepts. Unfortunately, in the past, this number has been high, about p = 0.73. A new program to improve the knowledge of statistical methods has been implemented, and it is expected that under this program p would decrease from the aforesaid 0.73 value. To test H0: p = 0.73 against H1: p < 0.73, 300 engineers in the new program were tested and 204 (i.e., 68%) did not comprehend certain basic statistical concepts. Compute the p-value to determine whether this result indicates progress. That is, can we reject H0 is favor of H1? Use α = 0.05.

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