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The test statistic of z = 0.54 is obtained when testing the claim that p > 0.5. Identify the hypothesis test as being two-tailed, left-tailed, or right-tailed. Find the P-value. Using a significance level of α = 0.05, should we reject H0 or should we fail to reject H0?

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Answer:

Since the P-value (0.7054) is greater than the significance level (α = 0.05), we fail to reject the null hypothesis (H0). There is not enough evidence to support the claim that p > 0.5.

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