Multinational companies generally provide an allowance for personal entertainment for executives living overseas. Assume that 18% of Canadian-based multinational companies provide such an allowance. An analyst thinks that Canadian-based multinational companies are having a more difficult time recruiting executives to live overseas and that an increasing number of these companies are providing an allowance for personal entertainment to these executives to ease the burden of living away from home. To test this hypothesis, a study is conducted by contacting 376 multinational companies. Twenty- two percent of these surveyed companies are providing an allowance for personal entertainment to executives living overseas. Does the test show enough evidence to declare that a significantly higher proportion of multinational companies provide this allowance? Let α = 0.01.