4) Sour Cherry is a new flavor for the BuzzBallz alcoholic beverage. The company wants to test the flavor for its product. A sample of 500 individuals participated in the taste test and 123 indicated that they like the taste. We would like to test if more than 20% of the population will like the new flavor drink.

a) State the null and the alternative hypotheses for this test.

b) Calculate the test statistic.

c) Determine the P-value.

d) At 95% confidence, test the hypothesis to determine if more than 20% of the population like the flavor.