Answer:
P-value = 0.2177
Conclusion: The P-value 0.2177 is greater than the significance level 0.05, so we fail to reject the null hypothesis (P = 3/5)
Explanation:
Null hypothesis (Ha): P = 3/5
Significance level = 0.05
Decision rule: Reject Ha if the P-value and is less than or equal to the significance level. Fail to reject Ha if P-value is greater than the significance level
Using the standard normal distribution table, the critical value of the test statistic z = 0.78 is 0.7823
P-value = 1 - 0.7823 = 0.2177
The P-value is greater than the significance level, so we fail to reject the null hypothesis (P = 3/5)