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 _______________________.

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Definitions:

Personal Biases

Individual preconceived notions or preferences that influence judgment and decision-making, often unconsciously.

Business Strategy

A set of competitive moves and actions that a business uses to attract customers, compete successfully, and achieve organizational goals.

Compensation Systems

These systems are structured plans designed by organizations to pay employees, including wages, salaries, bonuses, and benefits.

Performance Appraisals

The systematic evaluation of an employee's job performance and productivity, usually including feedback and discussions about future goals.