Consider the following hypothesis: Ho: p=0.04 H1: P?0.04 Data: n=500, x=16, ?=0.05 1.) What is the test statistic 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 H0 (b)0.3576; do not reject Ho (c)0.6500;reject Ho (d)0.3226;reject Ho (e)None of the above Solution (b.) -3.10 (c)0.6500;reject Ho.