K & S Construction, located in Phoenix, Arizona, is workingon its business plan for the upcoming year. They did a study todetermine if they should focus on building condominiums orindividual houses. A building study, which had been conducted bythe state, indicated that 60 percent of those families looking tobuy a home in Arizona desired to buy a condominium. K & SConstruction wanted to know if this figure applied to Phoenix. Theycollected a sample of 500 individuals that had expressed plans tobuy a new home. The z-distribution was selected for this proportiontest. The null hypothesis is p = 0.60 and the alternate is p ≠0.60. The significant level selected was .05. From the sample of500, it was determined that 290 wanted to buy a condominium. Whatdecision should be made regarding the null hypothesis?
A. Cannot accept nor reject it based on the information given
B. The test level of .05 is not acceptable
C. Reject it
D. Fail to reject it

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