A large clothing manufacturer plans to introduce a new line of sports clothes for women if preliminary market research shows that more than 88% of the population is favorably impressed by the new line. Four hundred women were surveyed; 360 of the women were favorably impressed. The research manager wants to test the hypothesis at the 0.05 significance level.
The correct hypotheses for this situation are:
A) H0: π = 0.88; H1: π ≠ 0.88
B) H0: π ≤ 0.88; H1: π > 0.88
C) H0: π = 0.88; H1: π < 0.88
D) H0: π ≠ 0.88; H1: π = 0.88
E) H0: π = 0.88; H1: π > 0.88