A fair coin was tossed 1000 times and 527 times it landed with the head facing u

Question

A fair coin was tossed 1000 times and 527 times it landed with the head facing up. At alpha =0.05 level do you think the coin used was not biased towards the head-side? Type the number 1 if you answer is "yes" and 2 if your answer is "no" in the blank space after this sentence. Fill in the Blank 01 ------
At alpha =0.025 level do you think the coin used was not biased towards the head-side? Type the number 1 if you answer is "yes" and 2 if your answer is "no" in the blank space after this sentence. Fill in the Blank 02 .------
For these calculation, your test statistic's value was Fill in the Blank 03------ . Answer in three digits after the decimal point.

Explanation / Answer

z statistic is (0.527-.5)/sqroot(0.5(1-0.5)/1000)) z= 0.027/0.01581 z=1.708 Look up in z(normal) table to find that p value is 0.0436 so this is significant at the .05 level (coin was biased) and not significant at the .025 level (coin was not biased).

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