8. Although it is widely reported that the proportion of households that own two or more vehicles is 0.58, there is some dispute about this claim, with the belief being that the true population...

8. Although it is widely reported that the proportion of households that own two or more vehicles is 0.58, there is some dispute about this claim, with the belief being that the true population proportion is actually less than 0.58. Suppose data is gathered from a large random sample of households in order to conduct a hypothesis test, and the resulting P-value is 0.01. Which of the following is a correct interpretation of this P-value? A. If we randomly select one household, there is a 1% chance that household will own fewer than two vehicles. B. Because the P-value is so small, this means we cannot rule out the null hypothesis as a reasonable explanation of the data. C. If we assume to begin with that the null hypothesis is true, the probability of obtaining a sample result as extreme or more extreme than the one observed is 0.01. D. The probability that the null hypothesis is true is 0.01. E. The probability that the null hypothesis is false is 0.01.