1. A random sample of 300 Status cheque accountsat Capital Bank showed that 48 were overdrawn. When 250 Elite cheque accounts at the same bank were randomly checked, it was found that 55 were overdrawn. Can the bank manager concludethat more Elite cheque accountclients, proportionately, are likely to be overdrawnthan Status cheque account clients?Test this hypothesis at the 4% level of significance. What conclusion can be drawn? (10)