Let’s suppose that in the U.S. population, 20% of people make more $100,000 a year. We would like to see if it is higher than this for graduates. The null and alternative hypotheses would then be H0 :...

Let’s suppose that in the U.S. population, 20% of people make more $100,000 a year. We would like to see if it is higher than this for graduates. The null and alternative hypotheses would then be

H0 : u <=>

Ha: > 0.2

In a survey given to a sample of graduates, we find that 38 out of 200 earned more than $100,000. What is the associated p-value of the test?