Determine whether it is appropriate to use the normal distribution to estimate the p-value. If it is

Question:

Determine whether it is appropriate to use the normal distribution to estimate the p-value. If it is appropriate, use the normal distribution and the given sample results to complete the test of the given hypotheses. Assume the results come from a random sample and use a 5% significance level.

Test H₀: p = 0.75 vs H_a: p ≠ 0.75 using the sample results p̂ = 0.69 with n = 120

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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