"A manufacturer claims that 20% of the public preferred her product. A sample of 100 persons is taken to check her claim. It is found that 8 of these 100 persons preferred her product. Using the 0.05 level of significance test her claim (perform a two-sided test), and Find the p-value and explain what it means."
I think I understand what to do, but I don't get how to find the standard deviation for this sample.. After that, I know I'm supposed to create a Z-score, and see if it is in the rejection region, but without the SD, I can't get anywhere. I tried to assume this was a binomial distribution, and got SD = sqrt(npq), but the answer comes to accepting the H0 hypothesis, which is ridiculous.
Help! Thanks in advance!