Suppose a recent random sample of employees nationwide who have a? 401(k) retirement plan found that 16?% of them had borrowed against it in the last year. A random sample of 108 employees from a local company who have a? 401(k) retirement plan found that 14 had borrowed from their plan. Based on the sample? results, is it possible to? conclude, at the ?=0.10 level of? significance, that the local company had a lower proportion of borrowers from its 401(k) retirement plan than the 16?% reported? nationwide?

Identify the null and alternative hypotheses for this test. Let p be the population proportion of employees from the local company who borrowed against his or her? 401(k) retirement plan in the last year.

Identify the null and alternative hypotheses for this test. Let p be the population proportion of employees from the local company who borrowed against his or her 401(k) retirement plan in the last year. O A. Ho: p = 0.16 HA : P #0.16 B. Ho: p 2 0.16 HA: P 0.16 O D. Ho: P