You suspect your coin may be “loaded” so that it has a greater than 50% chance of yielding a head on any flip. To see if your suspicion is supported, you plan to toss the coin eight times. Suppose you...

You suspect your coin may be “loaded” so that it has a greater than 50% chance of yielding a head on any flip. To see if your suspicion is supported, you plan to toss the coin eight times. Suppose you see six heads in your sample.

(a) Using the binomial distribution, what is the p value of your result?

(b) If you are using α = 10%, what is your decision?