Question: How can I solve (step by step) a problem like the following: The quality manager at Bestiful Company is certifying a new process that must

How can I solve (step by step) a problem like the following:

The quality manager at Bestiful Company is certifying a new process that must produce 95% (or better) good product before the process is considered proven. A sample of 40 containers from the process line are tested, and 93% are found to be good. Suppose the null hypothesis is formulated as: p = 95%, and the alternative hypothesis is formulated as: p < 95%. The significance level is set at = 0.01. Calculate the p-value of the test.

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