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Consider the following hypothesis test:Ho: p = 0.5Ha: p 0.5A sample of 800 provided a sample ...

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Consider the following hypothesis test:Ho: p = 0.5Ha: p 0.5A sample of 800 provided a sample ...

Consider the following hypothesis test:

H_o: p = 0.5
H_a: p ≠ 0.5

A sample of 800 provided a sample proportion of 0.58.

a.	Determine the standard error of the proportion.
b.	Compute the value of the test statistic.
c.	Determine the p-value, and at 95% confidence, test the hypotheses.

Textbook

Essentials of Statistics for Business and Economics

Edition: 7^th

Authors: Anderson, Sweeney, Williams, Camm, Cochran

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