Reconsider the previous exercise. Notice that three different decimal numbers appear: 0.46, 0.484, and 0.50. Identify which is the null-hypothesized probability, which is the observed value of the statistic, and which is the p-value.

Date from previous exercise

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.