Question: You may need to use the appropriate appendix table or technology to answer this question. Consider the following hypothesis test: Ho: P = 0.5 H,:

You may need to use the appropriate appendix table or technology to answer this question. Consider the following hypothesis test: Ho: P = 0.5 H,: P + 0.5 A sample of 700 provided a sample proportion of 0.57. (a) Determine the standard error of the proportion. (Round your answer to five decimal places.) (b) Compute the value of the test statistic. (Round your answer to two decimal places.) (c) Determine the p-value, and using a = 0.05, test the hypotheses. Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Reject Ho. There is sufficient evidence to conclude p differs from 0.5. O Reject H. There is insufficient evidence to conclude p differs from 0.5. O Do not reject Ho. There is insufficient evidence to conclude p differs from 0.5. O Do not reject Ho. There is sufficient evidence to conclude p differs from 0.5
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