You want to test if more than 20% of homes in a neighborhood have recently been sold through a short sale, at a foreclosure auct

Question

4 years ago

15

You want to test if more than 20% of homes in a neighborhood have recently been sold through a short sale, at a foreclosure auct

ion, or by the bank following an unsuccessful foreclosure auction. You take a sample of 60 homes from this neighborhood and find that 14 fit your criteria. The appropriate null and alternative hypotheses are ___________.
a.H0: pbar = 0.20: HA: pbar \ne 0.20

b.H0: pbar = 0.23: HA: pbar \ne 0.23

c.H0: pbar <= 0.20: HA: pbar > 0.20

d.H0: pbar <= 0.23: HA: pbar > 0.23

Mathematics

1 answer:

Mandarinka [93] · Answer 1 · 2022-02-08T07:27:37+03:00

Mandarinka [93]4 years ago

3 0

Answer:

c.H0: pbar <= 0.20: HA: pbar > 0.20

Step-by-step explanation:

From the take on a sample of 60 homes from this neighborhood and 14 fitting in the criteria. The appropriate null and alternative hypotheses a is best expressed in option c.

H0: pbar <= 0.20: HA: pbar > 0.20