A Report on the U $28 \%$ Of Americans Have Experienced Difficulty in Making Mortgage Payments

question 6

Multiple Choice

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 $\alpha = .05$ ,

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

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Definitions:

Fertility

The natural capability to produce offspring; a measure of reproduction efficiency.

Hormones Impact

The effects that hormones have on the body's processes and functions, influencing mood, growth, metabolism, and reproductive health.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Pubertal Development

The physical changes occurring in the body that lead to sexual maturity, including growth spurts, the development of secondary sexual characteristics, and changes in reproductive organs.