Question: A coin that is balanced should come up heads half the time in the long run. The population for coin tossing contains the results of tossing the coin forever. The parameter p os the probability of a head, which is the proportion of all tosses that give a head. A coin is tossed 4040 times and gives 2085 heads. Is the coin biased? Use alpha =.05

State the hypothesis, the test statistic, the conclusion, (what you are accepting or rejecting) and make sure you answer the question.