Consider the following hypothesis: Ho: p=0.04 H1:p ? 0.04 Data: n=500 x=16 a=0.05 1.) What is the test statistics value? (a.) -2.32 (b.) -3.10 (c.) -1.21 (d.) -0.92 (e.) -1.11 2.) What is the p-value for this test? What is the decision based on the p-value? (a.) 0.1788; do not reject Ho (b.) 0.3576; do not reject Ho (c.) 0.6500; reject Ho (d.) 0.3226; reject Ho (e.) None of the above Solution (b.) 0.3576; do not reject Ho.