Question: Test the hypothesis using the P-value approach. Be sure to verify the requirements of the test. Ho: p=0.78 versus H, : p#0.78 n =500, x

Test the hypothesis using the P-value approach. Be sure to verify the requirements of the test. Ho: p=0.78 versus H, : p#0.78 n =500, x = 380, a =0.05 Is no (1-Po) 2 10? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal. Do not round.) O A. No, because npo (1 - Po) = O B. Yes, because no (1 -Po) = Now find p. p=](Type an integer or a decimal. Do not round.) Find the test statistic zo- Zo = (Round to two decimal places as needed.) Find the P-value. P-value = (Round to three decimal places as needed.) State the conclusion of the hypothesis test. because the P-value is than a. Reject the null hypothesis, Do not reject the null hypothesis
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