K & S Construction located in Phoenix Arizona isworking on its business plan for

K & S Construction located in Phoenix Arizona isworking on its business plan for the upcoming year. They did astudy to determine if they should focus on building condominiums orindividual houses. A building study which had been conducted bythe state indicated that 60 percent of those families looking tobuy a home in Arizona desired to buy a condominium. K & SConstruction wanted to know if this figure applied to Phoenix. Theycollected a sample of 500 individuals that had expressed plans tobuy a new home. The z-distribution was selected for this proportiontest. The null hypothesis is p = 0.60 and the alternate is p 0.60. The significant level selected was .05. From the sample of500 it was determined that 290 wanted to buy a condominium. Whatdecision should be made regarding the nullhypothesis?A. Cannot accept nor reject it based on the informationgivenB. The test level of .05 is not acceptableC. Reject itD. Fail to reject it