A random sample of n = 1,400 observations from a binomial population produced x = 665 successes. You wish to show that p differs from 0.5.USE SALTCalculate the appropriate test statistic. (Round your answer to two decimal places.)Calculate the p-value. (Round your answer to four decimal places.)p-value=Do the conclusions based on a fixed rejection region of |z| > 1.96 agree with those found using the p-value approach at a = 0.05?Yes, both approaches produce the same conclusion.No, the p-value approach rejects the null hypothesis when the fixed rejection region approach fails to reject the null hypothesis.No, the fixed rejection region approach rejects the null hypothesis when the p-value approach fails to reject the null hypothesis.Should they?YesNo

Given Informationn = 1400x = 665Hypothesized proportion(p) = 0.5Sample proportion(p̂) = x/n =…

Answered: A random sample of n = 1,400…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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