The null and alternative hypotheses are:
- \( H_0: p = 0.5 \)
- \( H_1: p > 0.5 \)
The assumptions for the hypothesis test are:
- The observations are independent and the sample size is large enough for the Central Limit Theorem.
Thus, the answer is:
\[
\boxed{H_0: p = 0.5, \; H_1: p > 0.5}
\]