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A company is criticized because only 16 of 46 executives at a local branch are women. The company explains that although this proportion is lower than it might wish, it's not a surprising value given that only 40% of all its employees are women. The company has more than 500 executives worldwide. Test an appropriate hypothesis and state the conclusion.

Calculate the test statistic.

z=?

Find the P-value.

P-value=?

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