(Answered)-Historically, the proportion of students entering a university - (2025 Updated Original AI-Free Solution

Question

1. Historically, the proportion of students entering a university who finished in 4 years or less was 58%. To test whether this proportion has decreased, 90 students were examined and 53% had finished in 4 years or less. Therefore, the test statistic is -0.96. To determine whether the proportion of students who finish in 4 year or less has statistically significantly decreased (at the 5% level of signficance), what is the p-value? (please round your answer to 4 decimal places)