An analyst is conducting a test involving the following pair of hypotheses:
H ₀ : p = 0.50 vs. H ₁ : p ≠ 0.50
Alpha is assumed to be 0.05. In a random sample of 200 observations, the sample proportion observed was 0.435. The p-value of the test statistic is _____________.

a. 0.0329

b. 0.0658

c. 0.9671

d. 0.9342