Step 1 :The test statistic of \(z=1.59\) is obtained when testing the claim that \(p>0.5\).
Step 2 :This is a right-tailed hypothesis test because we are testing the claim that \(p>0.5\).
Step 3 :The P-value is the probability of obtaining a result as extreme as, or more extreme than, the observed result, under the null hypothesis.
Step 4 :In a right-tailed test, this is the probability of obtaining a result greater than the observed test statistic.
Step 5 :We can find this probability using the standard normal distribution table or a z-score calculator.
Step 6 :The P-value is approximately 0.056. This is the probability of obtaining a test statistic as extreme as, or more extreme than, \(z=1.59\) under the null hypothesis.
Step 7 :Final Answer: The P-value is approximately \(\boxed{0.056}\).