A Recent Article in the Wall Street Journal Entitled "As

question 143

Multiple Choice

A recent article in The Wall Street Journal entitled "As Identity Theft Moves Online,Crime Rings Mimic Big Business" states that 39% of the consumer scam complaints by American consumers are about identity theft.Suppose a random sample of 90 complaints is obtained.Of these complaints,40 were regarding identity theft.Based on these sample data,what conclusion should be reached about the statement made in The Wall Street Journal? (Test using α= 0.10. )

• A)Since z = 1.947 > 1.645,we reject the null hypothesis.
• There is sufficient evidence to conclude that the 0.39 rate quoted in the WSJ article is wrong.
• B)Since z = 2.033 > 1.96,we reject the null hypothesis.
• There is sufficient evidence to conclude that the 0.39 rate quoted in the WSJ article is wrong.
• C)Since z = 1.341 < 1.645,we do not reject the null hypothesis.
• There is insufficient evidence to conclude that the 0.39 rate quoted in the WSJ article is wrong.
• D)Since z = 0.97 < 1.645,we do not reject the null hypothesis.

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Definitions:

Land Ownership

The legal right to possess, control, and use a specific piece of land.

Monroe Doctrine

A principle of US foreign policy, declared in 1823, which opposed European colonialism in the Americas and stated that any intervention by external powers would be seen as a threat to the US.

European Powers

Refers to the nations of Europe with significant political, military, and economic influence, especially noted during the colonial and imperial periods.