Socialist Party Voters a Pollster in Italy Wants to Challenge a Claim

Essay

Socialist Party Voters
A pollster in Italy wants to challenge a claim that 5% of the registered voters in his country are Socialists; he thinks the percentage is lower than that.In a test of hypothesis,H₀: p = 0.05 vs.H₁: p < 0.05,his random sample of size 1,000 registered voters revealed that the number of Socialists was 40. ​ ​
-{Socialist Voters Narrative} Compute the p-value and explain how to use it to test the hypotheses.