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

question 14

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 correct null and alternative hypotheses for testing this claim are

• A) \(H _ { 0 } : p = 0.28\) and \(H _ { A } : p < 0.28\)
• B) \(H _ { 0 } : p = 0.28\) and \(H _ { A } : p > 0.28\)
• C) \(H _ { 0 } : p \neq 0.28\) and \(H _ { A } : p = 0.28\)
• D) \(H _ { 0 } : p > 0.28\) and \(H _ { A } : p = 0.28\)
• E) \(H _ { 0 } : p = 0.28\) and \(H _ { A } : p \neq 0.28\)

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Definitions:

Push Strategy

A supply chain strategy in which a company builds goods based on a sales forecast, puts those goods into storage, and waits for a customer to order the product.

Responsive Supply Chain

A supply chain structured to quickly respond to market changes and customer demands.

Put-away

The process of moving goods from the receiving area to their designated storage location within a warehouse or distribution center.

Logistics

the process of planning, implementing, and controlling the efficient and effective forward and reverse flow and storage of goods, services, and related information from point of origin to point of consumption.