The President of a certain firm, concerned about the safety records of certain employees, set aside gh¢150,000 per year for safety education. The Accountant believe that more than 75% of similar firms spend more than that amount for the same purpose. The President asked the Accountant to support this belief. The accountant obtained information from a sample of 60 firms. Of this sample, 50 firms stated that they spend more than gh¢150,000 a year on safety education. Carry out the above test at 0.05 and 0.01 levels of significance.

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