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Use the given information to find the p​-value. ​Also, use a 0.05 significance level and state the conclusion about the null hypothesis​ (reject the null hypothesis or fail to reject the null​ hypothesis). With Upper H 1​: pnot equalsthree fifths ​, the test statistic is zequals0.78.

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Answer:

We can assume that the statistic is
z_(calc)=0.78


p_v = 2* P(z>0.78) = 0.435

So the p value obtained was a very high value and using the significance level given
\alpha=0.05 we have
p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the true proportion of interest is not different from 3/5

Explanation:

Concepts and formulas to use

We need to conduct a hypothesis in order to test the claim that the true proportion is equal to 3/5 or not.:

Null hypothesis:
p=3/5

Alternative hypothesis:
p \\eq 3/5

When we conduct a proportion test we need to use the z statistic, and the is given by:


z=\frac{\hat p -p_o}{\sqrt{(p_o (1-p_o))/(n)}} (1)

The One-Sample Proportion Test is used to assess whether a population proportion
\hat p is significantly different from a hypothesized value
p_o.

Calculate the statistic

We can assume that the statistic is
z_(calc)=0.78

Statistical decision

It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.

The significance level provided
\alpha=0.05. The next step would be calculate the p value for this test.

Since is a bilateral test the p value would be:


p_v = 2* P(z>0.78) = 0.435

So the p value obtained was a very high value and using the significance level given
\alpha=0.05 we have
p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the true proportion of interest is not different from 3/5

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