We wish to test the hypotheses H0: p=0.5 versus H1: p<0.5 at a 1% level of significance. Here, p denotes the fraction of registered voters who supports a proposed tax for road construction. In order to test these hypotheses a random sample of 500 registered voters is obtained. Suppose that 240 voters in the sample  support the proposed tax. Calculate the p-value

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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We wish to test the hypotheses H0: p=0.5 versus H1: p<0.5 at a 1% level of significance. Here, p denotes the fraction of registered voters who supports a proposed tax for road construction. In order to test these hypotheses a random sample of 500 registered voters is obtained. Suppose that 240 voters in the sample  support the proposed tax. Calculate the p-value

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