In a random selection of 400 pirates, 29of them had bounties over five million dollars. You wish to test the claim that exactly5 percent of all pirateshave bounties over five million. Conduct a hypothesis test at the = 0.01significance level, answering each of the following questions in order.

1) What isthe null hypothesis?

2) What is the alternative hypothesis?

3) Which is the claim - the null hypothesis or the alternative hypothesis?

4) What is the P-value?

5)What is the conclusion in terms of the claim?