Some have argued that throwing darts at the stock pages to decide which companies to invest in could be a successfulstock-picking strategy. Suppose a researcher decides to test this theory and randomly chooses 250 companies to invest in. After 1year, 135 of the companies were consideredwinners; thatis, they outperformed other companies in the same investment class.

Choose the correct conclusion below.

A.

Because this probability issmall, do not reject the null hypothesis. There is not sufficient evidence to conclude that thedart-picking strategy resulted in a majority of winners.

B.

Because this probability is notsmall, reject the null hypothesis. There is sufficient evidence to conclude that thedart-picking strategy resulted in a majority of winners.

C.

Because this probability issmall, reject the null hypothesis. There is sufficient evidence to conclude that thedart-picking strategy resulted in a majority of winners.

D.

Because this probability is notsmall, do not reject the null hypothesis. There is not sufficient evidence to conclude that thedart-picking strategy resulted in a majority of winners.