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A sample of 256 students were asked if they think the college should institute a PASS/FAIL grading system. One hundred and nine (109) students agreed

A sample of 256 students were asked if they think the college should institute a PASS/FAIL grading system. One hundred and nine (109) students agreed that the college should institute the grading system. Test the claim that less than half of the students agree with instituting a PASS / FAIL grading system at the 6% significance level. Answer the following questions. Round to three decimal places. (1) What is the value of the standardized test statistic (2) What is/are the critical value(s)? (3) What is the statistical decision

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