document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=144954>Question 144954</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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 &#61625; 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? The Z critical is 2.576 and the test statistic calculates to :  (228/400 - .55)/ sqrt(.55(.45)/400) = 0.8.<BR>\n" );
document.write( "	A)	Do not reject it <BR>\n" );
document.write( "	B)	Reject it <BR>\n" );
document.write( "	C)	Cannot accept nor reject it based on the information given <BR>\n" );
document.write( "	D)	None of the above <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #105688 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=105688\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 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 &#61625; 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? The Z critical is 2.576 and the test statistic calculates to : (228/400 - .55)/ sqrt(.55(.45)/400) = 0.8.<BR>\n" );
document.write( "A) Do not reject it <BR>\n" );
document.write( "B) Reject it <BR>\n" );
document.write( "C) Cannot accept nor reject it based on the information given <BR>\n" );
document.write( "D) None of the above <BR>\n" );
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document.write( "Since the test statistic is 0.8 < 2.576, Fail to reject Ho.<BR>\n" );
document.write( "Answer: A<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );