Many franchisers favor owners who operate multiple stores by providing them with preferential treatment. Suppose the Small Business Administration would like to perform a hypothesis test to investigate if 80% of franchisees own only one location using= 0.05. A random sample of 120 franchisees found that 85 owned only one store. The correct hypothesis statement for this hypothesis test would be __________________________.

Group of answer choices

H0: p 0.80; H1: p = 0.80

H0: p > 0.80; H1: p 0.80

H0: p = 0.80; H1: p 0.80

H0: p 0.80; H1: p > 0.80

The alternative hypothesis, denoted byH₁, represents the opposite of the null hypothesis and is believed to be true if the null hypothesis is found to be false.

Group of answer choices

True

False