‘Churn’ is a term used to describe the rate at which a company loses customers to itscompetitors. In the telecommunications industry, it is believed that the churn ratebetween cellphone service providers (e.g. Vodacom, MTN, Virgin Mobile, 8.ta andCell C) is not more than 15%.A telecommunications analyst surveyed a random sample of 560 cellphone subscribersand found that 96 of them had changed service provider within the past year.(a) Is there sufficient statistical evidence at the 10% significance level to concludethat the churn rate in the telecommunications industry exceeds 15%? Performa hypothesis test for a single proportion and report the findings.(b) compute the p-value for the test.Interpret the findings for the telecommunications analyst.
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