Professors expected approximately 5% of students to get a grade of 95% or higher on the Midterm #1. Of the 1265 students in the class, 47 scored a 95% or higher. What is the p0 (hypothesized population proportion), p (observed sample proportion), and n (sample size)? What is the probability that, based on Professor Clement and Professor Rao's expectations, they might see a sample proportion even less than what they observed?