If you live in California, the decision to buy earthquake insurance is an important one. A survey revealed that only 133 of 350 randomly selected residences in one California County were protected by earthquake insurance. Calculate the appropriate test statistic (Z value) to test the hypotheses that less than 40% buy the insurance.

A. 0.76 

B. 0.38 

C. -0.76 

D. -0.40

E. -0.38