The probability that a rose bud blooms is p. In a random sample of 500 rose buds, 240 of them bloomed. With the data obtained in a random sample, a hypothesis test at the 1% level of significance is...

The probability that a rose bud blooms is p. In a random sample of 500 rose buds, 240 of them bloomed.

With the data obtained in a random sample, a hypothesis test at the 1% level of significance is carried out to determined why p is different from 0.45.

 State the null and alternative hypothesis.

Calculate the test Statistics. Also, find  the p-value of the test.

 Supporting your answer, state the conclusion of the test