An accounting firm is considering offering investment advice in addition to its current focus on tax planning its analysis of the costs and benefits

An accounting firm is considering offering investment advice in addition to its current focus on tax planning its analysis of the costs and benefits of adding this service indicate that it will be profitable if 40% or more of its current customer base use it. The firm plans to survey its customers. The firm plans to survey its customers. Let p denote the proportion of its customers who use this service if offered, and let p denote the proportion who say in a survey that they will use this service. The firm does not want to invest in this expansion unless data show that it will be profitable. Determine whether the following statement is true. If the statement is false, explain why it is false.    If p is larger than 0.4 a test will reject the appropriate null hypothesis for this context.  Choose the correct answer below