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 of 150 Lakeside residents.
Using this information and a 1% significance level, you wish to test H0: p = 0.08 versus Ha: p ≠ 0.08.
Based on the given information, are you able to reject the null hypothesis? Why or why not?