One of the authors once spun his tennis racquet 100 times and found that it landed with the label up for 46 of those 100 spins (0.46). For testing whether the probability (that a spun tennis racquet lands with the label up) differs from 0.50, he calculated the p-value to be 0.484.
a. Summarize the conclusion that you would draw from this study.
b. Explain the reasoning process that leads to your conclusion, as if to someone with no knowledge of statistics.