Step 1 :The null hypothesis is usually a statement of no effect or no difference. In this case, it would be that the probability of the home team winning is equal to one-half. The alternative hypothesis is what we are testing against the null hypothesis. In this case, it would be that the probability of the home team winning is greater than one-half. So, the correct null and alternative hypotheses for this problem are: \[H_{0}: p=0.5\] and \[H_{1}: p>0.5\].
Step 2 :The test statistic for this hypothesis test is \(1.54\).
Step 3 :The P-value for this hypothesis test is \(0.062\).
Step 4 :Since the P-value is greater than the significance level of \(0.01\), we fail to reject the null hypothesis. There is not sufficient evidence to support the claim that the probability of the home team winning is greater than one-half.
Step 5 :Final Answer: \[\boxed{H_{0}: p=0.5, H_{1}: p>0.5}\]