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QUESTION THREE (22 MARKS) a) A publisher of a local property magazine claims that 55% of families seeking to buy a vacation residence want to

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QUESTION THREE (22 MARKS) a) A publisher of a local property magazine claims that 55% of families seeking to buy a vacation residence want to purchase a condominium in Langkawi Island. A random sample of 400 families who planned to buy a vacation residence revealed that 228 families want to buy a condominium in Langkawi Island. At the 0.01 significance level, test the statement that the proportion of families who plan to buy a condominium in Langkawi Island is greater than 55%. (10 marks)

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