SOLUTION: test at the .01 level the statement that 55% of those failies who plan to purchase a vacation residence in Florida want a condominium. The null hypothesis is HO= .55 HO&#8800;

Click here to see ALL problems on Probability-and-statistics

Question 251642: test at the .01 level the statement that 55% of those failies who plan to purchase a vacation residence in Florida want a condominium. The null hypothesis is
HO= .55
HO≠ .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
b. reject it
c. cannot accept nor reject it based on the information given
d. none of the above
Answer by nyc_function(2741) (Show Source):
You can put this solution on YOUR website!
This question will be answered at the following statistics and probability link:
http://www.freemathhelp.com/forum/viewforum.php?f=12&sid=51580ca681ae589665bf7cb5e5ac2486

SOLUTION: test at the .01 level the statement that 55% of those failies who plan to purchase a vacation residence in Florida want a condominium. The null hypothesis is HO= .55 HO&#8800;

SOLUTION: test at the .01 level the statement that 55% of those failies who plan to purchase a vacation residence in Florida want a condominium. The null hypothesis is HO= .55 HO≠