1. A random sample of 200 physicians shows that there are 36 of them who make at least $400,000 a year. Can we conclude at the 1% significance level that the true proportion of physicians in the population who make at least $400,000 a year is less than 0.24? Step l : Ho : TT > 0 . 24 HI : TV -2.33 Conclusion is that we can't conclude at o. 01 significance level that the true proportion of Physicians in the population who make at least $400, 000 a year is less than 0.24