Answer
significant at both a = .01 and a = .05
Work Step by Step
z = $\frac{p - p0}{\sqrt \frac{p0(1-p0)}{n}}$ = $\frac{.7 - .5}{\sqrt \frac{.5(1-.5)}{40}}$ = 2.53
This is significant for both $ \alpha = .05 \text{ and} \ \alpha = .10 $
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