The results of a recent poll on the preference of voters regarding presidential candidates are shown below.

Candidate	Voters Surveyed	Voters Favoring This Candidate
A	500 (n1)	240 (x1)
B	500 (n2)	200 (x2)

Using = 0.05, test to determine if there is a significant difference between the preferences for the two candidates.

1. State your null and alternative hypotheses:
2. What is the value of the test statistic? Please show all the relevant calculations.
3. What is the p-value?
4. What is the rejection criterion based on the p-value approach? Also, state your Statistical decision (i.e., reject /or do not reject the null hypothesis) based on the p-value obtained. Use = 0.05