Answer: The test statistic value is -0.95.
Step-by-step explanation:
Since we have given that
[tex]H_0:p=0.05\\\\H_a:p<0.05[/tex]
Here, n = 4000
x = 170
So, [tex]\hat{p}=\dfrac{170}{4000}=0.0425[/tex]
So, Test statistic value would be
[tex]\dfrac{\hat{p}-p}{\sqrt{\dfrac{p(1-p)}{n}}}\\\\=\dfrac{0.0425-0.05}{\sqrt{\dfrac{0.5\times 0.5}{4000}}}\\\\=-0.95[/tex]
Hence, the test statistic value is -0.95.