document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1191439>Question 1191439</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 13. 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 alternate 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?<BR>\n" );
document.write( "A. Reject it B. Do not reject it C. Cannot accept nor reject it based on the information given D. None of the above </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #823556 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=823556\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Ho:p=0.55<BR>\n" );
document.write( "Ha: pNE 0.55<BR>\n" );
document.write( "alpha=0.05 p{reject Ho|Ho true}=0.01<BR>\n" );
document.write( "test is a 1-sample proportion 2 sided, with critical value being |z|>2.576<BR>\n" );
document.write( "p hat=218/300=0.727<BR>\n" );
document.write( "z=(phat-p)/sqrt(0.55*0.45/300)<BR>\n" );
document.write( "=0.177/0.0287<BR>\n" );
document.write( "6.16 <BR>\n" );
document.write( "reject Ho, choice A. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );