You Want to Test If More Than 20% of Homes

question 1

Multiple Choice

You want to test if more than 20% of homes in a neighborhood have recently been sold through a short sale, at a foreclosure auction, 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: ≤ 0.23, H_A: > 0.23
• B) H₀: = 0.23, H_A: ≠ 0.23
• C) H₀: p ≤ 0.20, H_A: p > 0.20
• D) H₀: p = 0.20, H_A: p ≠ 0.20

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Definitions:

Cultural Diffusion

The spread of cultural beliefs and social activities from one group of people to another.

Pagan Fertility Rites

Traditional rituals practiced in some pagan cultures to promote agricultural abundance, human fertility, and renewal of life.

Easter

A Christian festival celebrating the resurrection of Jesus Christ, observed on the first Sunday following the first full moon after the vernal equinox.

Collectivistic Cultures

Societies that prioritize group goals over individual achievements and emphasize the importance of cohesion and interdependence.