Step 1 :Given values are: significance level \(\alpha = 0.005\), population proportion \(p = 0.63\), sample size \(n = 526\), and number of successful observations \(x = 315\).
Step 2 :Calculate the sample proportion \(\hat{p} = \frac{x}{n} = \frac{315}{526} = 0.5989\).
Step 3 :Calculate the critical value using the normal distribution approximation for the binomial distribution. The critical value is the z-score that corresponds to the given significance level \(\alpha\). The critical value is \(z_{\alpha/2} = 2.807\).
Step 4 :Calculate the standard deviation using the formula \(\sigma = \sqrt{\frac{p(1-p)}{n}} = \sqrt{\frac{0.63(1-0.63)}{526}} = 0.0211\).
Step 5 :Calculate the test statistic using the formula \(z = \frac{\hat{p} - p}{\sigma} = \frac{0.5989 - 0.63}{0.0211} = -1.479\).
Step 6 :Since the test statistic is less than the critical value, it is not in the critical region. Therefore, we fail to reject the null hypothesis.
Step 7 :As such, the final conclusion is that there is not sufficient evidence to warrant rejection of the claim that the population proportion is not equal to 0.63.
Step 8 :Final Answer: Critical value = \(\boxed{2.807}\), Test statistic = \(\boxed{-1.479}\). The test statistic is not in the critical region. This test statistic leads to a decision to fail to reject the null. As such, the final conclusion is that there is not sufficient evidence to warrant rejection of the claim that the population proportion is not equal to 0.63.