In: Statistics and Probability
The following hypothesis test is run, where Ho: p = 0.2 Ha: p ≠ 0.2 p^= 0.25 and n = 60 . Calculate the p-value. Can we reject the null hypothesis at the 1% significance level? Show required work. Find and answer the following questions.
1. Z-statistic (enter only the answer as 4 decimals)
2. P-value (enter only the answer as 4 decimals)
3. Conclusion (enter Reject Ho or Fail to Reject Ho)