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 ___________.

Question

Quizplus · Accepted Answer

The Answer of 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 ___________.

You Want to Test If More Than 20% of Homes