An executive believes that no more than 80% of the company’s employees take all of their vacation days. In a sample of 210 members, 160 employees took all of their vacation days. Therefore, the test statistic is -1.38. When testing the executive's (using a 1% level of significance), what is the p-value? (please round your answer to 4 decimal places)

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A: Formula for Test statistic  Test statistic ( z ) z = ( p^ - p ) / ( √( p * ( 1 - p) / n) )

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