Question

and calculate p value

9.4.30-T Question Help Courses rse Home In eary 2010,37% of subprime mortgages in a certain country were in distress meaning that the holders were either being foredlosed on or were at least 0 days delinquent on their payments. The federal government is hopeful that the percentage has declined due to mortgage and programs that were initiated during the year to test this hypothesis a random sample of 100 sutrime mortgages was selected later in 2010. From this sample it was found that 29 mortgages were in distress. Using 0.10 answer parts a and below. mework a. What conclusions can be drawn about the proportion of mortgages in stress in late 20102 score. Determine the null and eative hypotheses. Choose the correct answer below rres & Tests dy Plan HD 0.37 HPS 37 HDOT HD-037 BHD=0.37 H, DW037 n н. роз THE D»017 ebook Determine the cav e tte Crunch as needed Round tota de places needed mapter Content Use a com e r Calculate the test Round to two decam p ols for Success a nded hcorrecto Multimedia Libri Purchase Option Enter you

Answer 1

Given that, n = 100 and x = 29

sample proportion = 29/100 = 0.29

(p)

The null and alternative hypotheses are,

Ho p 0.37

a

Test statistic is,

0.29-0.37 Z = -1.66 0.37- (1-0.37) 100

=> Z_{​​​​​​0​​​​​} = -1.66

p-value = P(Z < -1.66)= 0.0485

=> p-value = 0.0485