In a study of 775 randomly selected medical malpractice lawsuits, it was found that 501 of them were dropped or dismissed. Use a 0.05 significance level to test the claim that most medical malpractice lawsuits are dropped or dismissed. Which of the following is the hypothesis test to be conducted? O A. Ho: p<0.5 H:p=0.5 Ов. Но: р30.5 H:p>0.5 OD. Ho: p= 0.5 H:p#0.5 Ос. Но: р3 0.5 H1:p<0.5 OF. Ho: p>0.5 O E. Ho: p#0.5 H:p= 0.5 H4: p= 0.5 What is the test statistic? (Round to two decimal places as needed.) What is the P-value? P-value =O (Round three decimal places as needed.) What is the conclusion about the null hypothesis? O A. Fail to reject the null hypothesis because the P-value is greater than the significance level, a. O B. Reject the null hypothesis because the P-value is less than or equal to the significance level, a. OC. Fail to reject the null hypothesis because the P-value is less than or equal to the significance level, a. O D. Reject the null hypothesis because the P-value is greater than the significance level, a.