Test at the 0

question 195

Multiple Choice

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 ≠ 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?

• A) Do not reject it
• B) Reject it
• C) Cannot accept nor reject it based on the information given
• D) None of these statements are true

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Definitions:

Emotional Stability

A personality trait characterized by the ability to remain calm and composed, especially in stressful situations.

Relaxed

A state or condition of being free from tension, stress, or anxiety, often associated with a calm and peaceful environment or demeanor.

Unworried

Pertains to a state of not being anxious or concerned.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.