Question: A new soft drink is being market tested. A sample of 313 individuals participated in the taste test and 76 indicated they like the taste.

A new soft drink is being market tested. A sample of 313 individuals participated in the taste test and 76 indicated they like the taste.

What is the test statistics at a 5% significance level to determine if at least 25% of the population will like the new soft drink. (please keep two decimal places of your answer)

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