Question: Suppose that a 99% confidence interval for the proportion p of all Lakeside residents whose annual income exceeds 80,000 extends from 0.10 to 0,18. The

Suppose that a 99% confidence interval for the proportion p of all Lakeside residents whose annual income exceeds 80,000 extends from 0.10 to 0,18. The confidence interval is based on a random sample of150 Lakeside residents. Using this information and a 1% significance level, you wish to test H0: p equals 0.08 versus Ha: p does not equal to 0.08. Based on the given information, are you able to reject the null hypothesis? Why or why not?

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