Step 1 :The null hypothesis is denoted as \(H_{0}: p = 0.5\), where \(p\) represents the population proportion of people who believe that we should replace passwords with biometric security.
Step 2 :The test statistic, \(z\), is calculated to be 1.5221.
Step 3 :The critical \(z\) value at a 0.05 significance level is \(\pm 1.9600\).
Step 4 :Since the test statistic, \(z = 1.5221\), is less than the critical \(z\) value, we do not reject the null hypothesis.
Step 5 :The p-value is calculated to be 0.1280, which is greater than the significance level of 0.05. This further supports our decision not to reject the null hypothesis.
Step 6 :Based on the above analysis, we conclude that there is not enough evidence to reject the null hypothesis that the population proportion of people who say that we should replace passwords with biometric security is 0.5.
Step 7 :\(\boxed{\text{Final Answer: The null hypothesis is } H_{0}: p = 0.5, \text{ and we do not reject the null hypothesis.}}\)