Problem: A company is criticized because only 20 of 49 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 45% of all its employees are women. The company has more than 500 executives worldwide. Test an appropriate hypothesis and state the conclusion.
Required:
- Determine the hypotheses for this test. (The proportion of female executives in the entire company is denoted by p.)
- What is the test statistic and the Pvalue