Make Conclusions About the Hypotheses

question 1

Multiple Choice

Make conclusions about the hypotheses.
-A report on the U.S. economy indicates that 28% of Americans have experienced
Difficulty in making mortgage payments. A news organization randomly sampled 400
Americans from 10 cities named the "fastest dying cities in the U.S." (Forbes Magazine,
August 2008) and found that 136 reported such difficulty. Does this indicate that the
Problem is more severe among these cities? The P-value associated with the test statistic
For testing this claim is 0.0029. At α = .05,

• A) we can conclude that the percentage of Americans in these cities experiencing difficulty making mortgage payments is significantly higher than 28%.
• B) we can conclude that the percentage of Americans in these cities experiencing
• Difficulty making mortgage payments is significantly lower than 28%.
• C) we can conclude that the percentage of Americans in these cities experiencing difficulty making mortgage payments is not significantly different from 28%.
• D) we can conclude that the percentage of Americans in these cities experiencing difficulty making mortgage payments is equal to 28%.
• E) None of the above.

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Definitions:

Externalities

Economic impacts of a product or service on parties who do not directly participate in the transaction, which can be negative (pollution) or positive (vaccination benefits).

Referent Power

A form of influence based on the charisma and interpersonal appeal of the leader, rather than on formal authority.

Positive Relationship

A connection between two or more entities characterized by mutual respect, cooperation, and beneficial outcomes for all involved.

Coercive Power

The ability of a person or organization to force others to comply with demands or orders through threats or punishment.