Researchers conducted a blind taste test of Coke versus Pepsi. Each of four people was asked which of two blinded drinks given in random order that they preferred. The data was such that 3 of the 4 people chose Coke. Assuming that this sample is representative, report a P-value for a test of the hypothesis that Coke is preferred to Pepsi using a one sided exact test. Give the answer as either a proportion to two decimal places or a percentage to the nearest percentage point.

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