Registrar's Office collected records fromn= 300 undergraduate students. It turned out thatX= 207 passed the College Algebra course. At the significance level,= 1%,do you have sufficient evidence that the population proportion of those who passed the course is BELOW 75%?

1. Show the Critical Value

2. State the Rejection Rule

3. Evaluate the Test Statistic

After that, formulate YOUR DECISION