A university claims that their employment rate directly after graduation is 70%. In a sample of 700 graduates, 427 found to have gained employment directly after graduation. Test the claim that the university's employment rate after graduation is smaller than 70% at the 0.005 significance level.

The null and alternative hypothesis would be:

The test is: left-tailed, right-tailed, two-tailed

The test statistic is:________________(to 2 decimals)

The p-value is:______________(to 4 decimals)

Based on this we:

• Reject the null hypothesis
• Fail to reject the null hypothesis