Hypothesis test for single proportion.
Consider the following hypothesis test:
H_{o} : P = 0.5
H_{a} : P ≠0.5
A sample of 800 provided a sample proportion of 0.58.
a. find out the standard error of the proportion.
b. work out the value of the test statistics.
c. Determine the p-value, and at 95 percent confidence, test the hypotheses.