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 π=.55 and the alternative is π≠.55. A...

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 π=.55 and the alternative is π≠.55. A random sample of 300 families who planned to buy a vacation residence revealed that 218 families want a condominium. What decision should be made regarding the null hypothesis?