A Washington Post Poll Shows That Concerns About Housing Payments $\neq$

A Washington Post poll shows that concerns about housing payments have spiked despite some improvements in the overall economy. In all, 53 percent of the 900 American adults surveyed said they are "very concerned"or "somewhat concerned"about having the money to make their monthly payment. Let p represent the population proportion of all American adults who are "very concerned"or "somewhat concerned"about having the money to make their monthly payment. Which are the appropriate hypotheses to assess if a majority of American adults are worried about making their mortgage or rent payments?

A) H₀: p = 0.50 versus H_a: p > 0.50
B) H₀: p $\neq$ 0.50 versus H_a: p < 0.50
C) H₀: p = 0.53 versus H_a: p > 0.53
D) H₀: p = 0.50 versus H_a: p = 0.53

Correct Answer:

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