QUESTION 12 : 1 POINT Brayden tosses a coin 500 times. Of those 500 times, he observes heads a total of 416 vimen. Calcprobability of this occurring by chance is less than 0.01 , assuming the coin is fair . Determine the level. Select the correct answer below: We expect that 416 of every 500 coin tosses will result in heads. At the 0.01 level of significance, the coin is likely not a fair coin. There is certainty that the coin is not a fair coin. The results are not statistically significant at the 0.05 level of significance.