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A well-established CEO is up for election and needs to secure the vote of more than 60% of shareholders (or p > 0.60) to retain
A well-established CEO is up for election and needs to secure the vote of more than 60% of shareholders (or p > 0.60) to retain her position. A random sample of n = 96 is taken and 68% of shareholders in that sample plan on voting for her. Using a 0.05 level of significance, can the CEO conclude that she will win reelection? How does your answer change if we test this at the 0.07 level of significance
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