Woof Chow Dog Food Company Believes That It Has a Market

Multiple Choice

Woof Chow Dog Food Company believes that it has a market share of 25 percent. It surveys n = 100 dog owners and ask whether or not Woof Chow is their regular brand of dog food, and 23 people say yes. Based upon this information, what is the critical value if the hypothesis is to be tested at the 0.05 level of significance?

A) 1.28
B) 1.645
C) 1.96
D) 2.575