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Need some help figuring out how to do solve the following problem
A standard roulette wheel with slots labeled 0, 00, 1, 2, 3, … , 36 is spun 60 times. Of these spins, the number 7 is spun 7 times. Assuming the wheel is fair, the probability of this occurring by chance is 0.00001. Do these results have statistical significance at the 0.01 level of significance?
Select the correct answer below:
No, the probability of the results occurring is greater than 0.01.
Yes, the probability of the results occurring is less than 0.01.
No, the probability of the results occurring is less than 0.01.
Yes, the probability of the results occurring is greater than 0.01.
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