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 π=.55 and the alternative is π≠.55. A random sample of 300 families who planned to buy a vacation residence revealed that 218 families want a condominium. What decision should be made regarding the null hypothesis?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
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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 π=.55 and the alternative is π≠.55. A random sample of 300 families who planned to buy a vacation residence revealed that 218 families want a condominium. What decision should be made regarding the null hypothesis?

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