Part B. As part of the study, you are required to determine if more that 75% of all employees have salaries above $25,000. In order to determine this you will have

to perform a hypothesis test for the proportion of a population. In the same Excel file (A3_2) in the spreadsheet named Part B: 6) State the null and alternative hypotheses 7) Determine the test statistic and calculate its value 8) Obtain the p-value 9) Use the rejection rule for the p-value to determine if you reject HO with a significance level of 5% 10) Write down a short conclusion about the salaries in the company.