The interpretation of this value is that the null hypothesis is that the proportion of blue beads in the container is 0.30 and the alternative hypothesis is 0.045.
It should be noted that the null hypothesis simply means a statical theory that suggests that there's no relationship between the variables given in the data set.
From the information given, it was stated that the proportion of blue beads in the container is 0.30. Here, the interpretation of this value is that the null hypothesis is that the proportion of blue beads in the container is 0.30 and the alternative hypothesis is 0.045.
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