A human resources representative claims that the proportion of employees earning more than $50,000 is greater than 40%. To test this claim, a random sample of 700 employees is taken and 305 employees are determined to earn more than $50,000. The following is the setup for this hypothesis test: H0:p=0.40 Ha:p>0.40 Find the p-value for this hypothesis test for a proportion and round your answer to 3 decimal places. The following table can be utilized which provides areas under the Standard Normal Curve:

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