Answer: p value is 0.1685.
Step-by-step explanation:
Since we have given that
The survey is conducted on a random sample of 240 pet owners.
Out of them, number of owners spoke to their pet on telephone = 79
n = 240
x = 79
[tex]\hat{p}=\dfrac{x}{n}=\dfrac{79}{240}=0.33[/tex]
Our hypothesis would be
[tex]H_0:p=0.5\\\\H_1:p>0.5[/tex]
Formula for test statistic would be
[tex]\dfrac{\hat{p}-p}{\sqrt{\dfrac{p(1-p)}{n}}}\\\\=\dfrac{0.33-0.36}{\sqrt{\dfrac{0.36(1-0.36)}{240}}}\\\\=-0.96[/tex]
p value = 0.1685
Hence, p value is 0.1685.