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The probability that a rose bud blooms is p. In a random sample of 500 rose buds, 240 of them bloomed. With the data obtained
The probability that a rose bud blooms is p. In a random sample of 500 rose buds, 240 of them bloomed. With the data obtained in a random sample, a hypothesis test at the 1% level of significance is carried out to determine whether p is different from 0.45.
a) State the null and alternative hypothesis
b) Calculate the test Statistics
c) What is the p-value of the test?
d) Supporting your answer, state the conclusion of the test
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