Test at the 0 $\neq$ 055 a Random Sample of 400 Families Who Planned to Those

Multiple Choice

Test at the 0.01 level the statement that 55% of those families who plan to purchase a vacation residence in Florida want a condominium. The null hypothesis is p = 0.55 and the alternate is p $\neq$ 0.55. A random sample of 400 families who planned to buy a vacation residence revealed that 228 families want a condominium. What decision should be made regarding the null hypothesis?

A) Do not reject it
B) Reject it
C) Cannot accept nor reject it based on the information given