You Want to Test If More Than 20% of Homes

question 98

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 _______________________.

Compute expected values and standard deviations for specific distributions.

Understand the conditions under which a binomial distribution can be used.

Analyze real-world scenarios using probability distributions to determine outcomes.

Grasp the concept of discrete probability distributions.

---

Definitions:

Discount

A reduction applied to the usual cost of goods or services, or in finance, an amount deducted from the face value of a bill of exchange or loan.

Par

The nominal or face value of a bond, stock, or coupon as indicated on a certificate or instrument.

Stockholders' Equity

The ownership stake of shareholders in a corporation's assets, remaining after all liabilities have been subtracted.

Paid-in Capital

Funds raised by a company through the issuance of shares to investors, exceeding the par value of the shares.