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5. A political candidate claims that 55% of voters favor his proposed tax reform bill. Political opposition believes he is exaggerating. They pay a polling agency to collect data. The polling agency proceeds to take a random sample of 600 voters and nds that 298 favor the proposed tax reform bill. a) Let p be the true proportion of voters that favor the candidate's tax reform bill. What igthe correct pair of hypotheses to test? (2 pts) i. H0: p: .55vs. H1: p: .497 ii. Ho:p .497 173.111: 39- .55 iii. H0:p = .55 vs.H1:p .497 b) Compute the Z test statistic (4 pts) c) What is the Pvalue of the test? (3 pts) (1) Based on your result In part (c) and using u= 0. 05 you should conclude. (3 pts) i. There is strong evidence to indicate the political candidate was exaggerating voter support for his tax reform bill because the p-value (1 = 0.05 iii. There is strong evidence to indicate the political candidate was exaggerating voter support for his tax reform bill because the pvalue > a = 0.05 iv. There is not enough evidence to indicate the political candidate was exaggerating voter support for his tax reform bill because the pvalue