Consider the observed frequency distribution for the following set of random variables:

Random Variable,x Frequency, fo

0 23

1 60

2 122

3 83

4 12

Total 300

1. Perform a chi-square test using =0.05 to determine if the observed frequencies follow the binominal probability distribution when p=0.50 and n=4.
2. Determine the p-value using excel and interpret its meaning.