Consider the Following to Answer the Question(s) Below

question 12

Multiple Choice

Consider the following to answer the question(s) below:
Suppose that a report indicates that 28% of Canadians have experienced difficulty in making mortgage payments. Further suppose that a news organization randomly sampled 400 Canadians from 10 cities 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 are

• A) H0 : p = 0.28 and HA : p > 0.28.
• B) H0 : p = 0.28 and HA : p < 0.28.
• C) H0 : p = 0.28 and HA : p ≠ 0.28.
• D) H0 : p ≠ 0.28 and HA : p = 0.28.
• E) H0 : p > 0.28 and HA : p = 0.28.

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Definitions:

Lean Business Model

A lean business model focuses on creating more value for customers with fewer resources by minimizing waste and optimizing processes.