You take a random sample of 500 UC Irvine students and find that 271 are California Residents. Can you conclude that the proportion of California residents is greater than 50% at UCI with a 95% confidence level? First calculate the test statistic for this problem.You take a random sample of 500 UC Irvine students and find that 271 are California Residents. Can you conclude that the proportion of California residents is greater than 50% at UCI with a 95% confidence level? Next report the critical value for necessary for this problem.You take a random sample of 500 UC Irvine students and find that 271 are California Residents. Can you conclude that the proportion of California residents is greater than 50% at UCI with a 95% confidence level? Yes we can conclude that more than 50% of UCI students are California Residents O No we can not conclude that more than 50% of UCI students are California Residents