Refer to Exercise 4.
You want to set up a test for the following hypotheses: H0: π = .65 Ha: π ≠ .65. You will have a random sample of 225 population members to make your decision.
a. Compute the pvalue for the .69 sample result and explain what it means.
b. Use the pvalue from part a to decide whether you will reject the null hypothesis. Explain your decision.
c. Would you reject the null hypothesis if the significance level was .05? Explain.