To test the hypothesis that the proportion of families who p…
To test the hypothesis that the proportion of families who plan to purchase a vacation residence in Las Vegas want a stand alone house is 55%, the null hypothesis is π = 0.55 and the alternate is π ≠ .55. A random sample of 400 families who planned to buy a vacation residence revealed that 228 families want a stand alone house. What decision should be made regarding the null hypothesis using the 0.01 level of significance?