The test statistic based on the probability illustrated is -3.22.
Based on the information, the test statistic will be:
= (0.4 - 0.5)/[✓0.5(1 - 0.5)/260]
= -3.22
The p value using the distribution table is 0.0012.
The conclusion is to reject the null hypothesis as there's sufficient evidence to warrant rejection.
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