A school board would like to know whether a school referendum is likely to pass in their town. A referendum requires a simple majority of votes to pass. A simple random sample of 200 residents of the town is taken and, of the 200, 110 express support for the referendum. A significance test is performed using the hypotheses H0: p = 0.5 and Ha: p > 0.5, which results in a P-value of 0.0787. Which of the following statements correctly interprets the P-value of the test?

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