Testing for one sample population proportion

Reference no: EM1319161

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 π = 0.55 and alternate is π ≠ 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?

Reference no: EM1319161

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