Question: Repeat the preceding exercise using a 0.01 significance level. Does the conclusion change? Identify the indicated values or interpret the given display. Use the normal

Repeat the preceding exercise using a 0.01 significance level. Does the conclusion change?

Identify the indicated values or interpret the given display. Use the normal distribution as an approximation to the binomial distribution, as described in Part 1 of this section. Use a 0.05 significance level and answer the following:

a. Is the test two-tailed, left-tailed, or right-tailed?
b. What is the test statistic?
c. What is the P-value?
d. What is the null hypothesis, and what do you conclude about it?
e. What is the final conclusion?

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