In the sample, p^ = 158/300 = 0.527. The resulting P-value is 0.18. What is the correct interpretation of this P-value?

(a) Only 18% of the city residents support the tax increase.

(b) There is an 18% chance that the majority of residents supports the tax increase.

(c) Assuming that 50% of residents support the tax increase, there is an 18% probability that the sample proportion would be 0.527 or higher by chance alone.

(d) Assuming that more than 50% of residents support the tax increase, there is an 18% probability that the sample proportion would be 0.527 or higher by chance alone.

(e) Assuming that 50% of residents support the tax increase, there is an 18% chance that the null hypothesis is true by chance alone.