You may need to use the appropriateappendix tableortechnologyto answer this question.

Consider the following hypothesis test:

H₀:p=0.5H_a:p0.5

A sample of700provided a sample proportion of0.55.

(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 thep-value, and using= 0.05, test the hypotheses.

Find thep-value. (Round your answer to four decimal places.)

p-value =

State your conclusion.

RejectH₀. There is insufficient evidence to concludepdiffers from 0.5.

Do not rejectH₀. There is sufficient evidence to concludepdiffers from 0.5.

RejectH₀. There is sufficient evidence to concludepdiffers from 0.5.

Do not rejectH₀. There is insufficient evidence to concludepdiffers from 0.5.