Question: H0: p = 0.4 versus H1: p 0.4 n = 1000; x = 420; = 0.01 Test the hypothesis using (a) The classical

H0: p = 0.4 versus H1: p ≠ 0.4
n = 1000; x = 420; α = 0.01
Test the hypothesis using
(a) The classical approach and
(b) The P-value approach.
Be sure to verify the requirements of the test.

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