You Want to Test If More Than 20% of Homes

question 7

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 ___________.

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Definitions:

Russian Government

The political and administrative structures governing the Russian Federation, including its executive, legislative, and judicial branches.

Default

The failure to fulfill an obligation, especially to repay a loan or appear in a court of law.

Open-Economy Macroeconomic

A branch of economics that studies how economies interact with other countries' economies in terms of trade, investment, and finance.

Net Exports

The value of a country's total exports minus its total imports, representing the net trade balance of goods and services.