Final answer:
The P-value for this hypothesis test is 0.0228.
Step-by-step explanation:
To find the P-value for this hypothesis test, we need to calculate the proportion of alumni who favored firing the coach in the sample. Out of 100 alumni, 64 were in favor. So, the sample proportion is 64/100 = 0.64.
Now, we need to calculate the test statistic, which follows a normal distribution. The formula for the test statistic is: z = (p' - p) / sqrt(p * (1-p) / n), where p' is the sample proportion, p is the claimed proportion under the null hypothesis, and n is the sample size.
Plugging in the values, we get: z = (0.64 - 0.50) / sqrt(0.50 * (1-0.50) / 100) = 2.00
The P-value is the probability of observing a test statistic as extreme as 2.00, assuming the null hypothesis is true. We can look up this probability in a standard normal distribution table or use a statistical software. In this case, the P-value is 0.0228.