A test for a binomial proportion fails to reject the null hypothesis at the 1% level of significance. Which one of the following is true?
A mistake has been made and the null hypothsis should be rejected
p-value > 0.01
p-value < 0.01
p-value > 0.05
Option B is the correct option. If the p-value is greater than the significance level, then we fail to reject the null hypothesis.