SOLUTION: In an ESP experiment, participants are required to predict the color (red or black) of a card drawn randomly from a complete deck. If a participant correctly identifies the color

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Question 354410: In an ESP experiment, participants are required to predict the color (red or black) of a card drawn randomly from a complete deck. If a participant correctly identifies the color for 38 out of 64 trial, is that person performing significantly better than chance? Test at .05 significance level.
Answer by stanbon(75887) About Me  (Show Source):
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In an ESP experiment, participants are required to predict the color (red or black) of a card drawn randomly from a complete deck. If a participant correctly identifies the color for 38 out of 64 trial, is that person performing significantly better than chance? Test at .05 significance level.
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Ho: p = 1/2
Ha: p is not equal to 1/2
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p-hat = 38/64 = 0.5938
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z(0.5938) = (0.5938-0.5000)/sqrt[0.5*0.5/64] = 1.5
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p-value = 2*P(z>1.5) = 2*0.0668 = 0.1336
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Since the p-value is greater than 5% fail to reject Ho.
The person is not performing significantly better
than chance.
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Cheers,
Stan H.