The mayor of a town has proposed a plan for the annexation of a new community. A political study took a sample of 800

800 voters in the town and found that 80%

80% of the residents favored annexation. Using the data, a political strategist wants to test the claim that the percentage of residents who favor annexation is more than 76%

76%. Determine the P-value of the test statistic. Round your answer to four decimal places.