A quality standard says that no more than 5 percent of the eggs sold in a store may be cracked (not broken, just cracked). In 5 cartons (12 eggs each carton), 4 eggs are cracked.
Calculate a p-value for the observed sample result. Hint: Use Excel to calculate the binomial probability P(X ≥ 4 | n = 60, π = .05) = 1 – P(X ≤ 3 | n = 60, π = .05). (Round your answer to 4 decimal places.)
PLEASE SHOW THE WORK IF POSSIBLE
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