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Fox News reports that People are all excited because they have taken an exit poll of...

Fox News reports that People are all excited because they have taken an exit poll of 1200 voters and found that 50.5% of the voters say that they voted for Richard Nixon and they predict that he will be president. Test this claim using a 1 % significance level. (α=0.01) Define your hypothesis. Calculate the test statistic. By hand or by calculator. Calculate the proper critical value. Find the probability value (p value). Is this a right tailed test, left tail or two tails? Write a clear statement about what the test determines. Do you believe the prediction?

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