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4. A software company is planning for an upgrade of its software. You must charge customers (1 poir $100. Are your customers willing to pay

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4. A software company is planning for an upgrade of its software. You must charge customers (1 poir $100. Are your customers willing to pay this much? You contact a random sample of 40 customers and find that 11 would pay $100 for the upgrade. If the upgrade is to be profitable, you will need to sell it to more than 20% of your customers. Do the sample data give good evidence that more than 20% are willing to buy? a. Formulate this problem as a hypothesis test. Give the null and alternative hypotheses. b. Carry out the significance test. Report the test statistic and the P-value. c. Should you proceed with plans to produce and market the upgrade

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