Question: Consider the following competing hypotheses and sample data. H0: p = 0.50 HA: p 0.50 n = 40 = 0.30 a. Calculate the

Consider the following competing hypotheses and sample data.

H0: p = 0.50

HA: p ≠ 0.50

n = 40  = 0.30

a. Calculate the value of the test statistic for the sign test.

b. Calculate the p-value.

c. At the 5% significance level, what is the conclusion? Explain.

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