A recent study showed that 53% of college applications were submitted online (based on data from the National Association of College Admissions Counseling). Assume that this result is based on a simple random sample of 1000 college applications, with 530 submitted online. Use a 0.01 significance level to test the claim that among all college applications the percentage submitted online is equal to 50%. What is the test statistic?
A) 1.33
B) 1.96
C) 2.33
D) 2.58
