A coin is tossed 900 times. It lands on heads 487 times.
The null hypothesis is that the coin is fair and
should land on heads 50 percent of the time. The alternative hypothesis is the coin is biased and lands on head more than 50 percent.
Find the z-test statistic?
Find the P value? (4 decimal places)
Do you accept the null hypothesis and explain the variation due to chance? yes or no?