A Report on Health Care in the US Said That

question 12

Essay

A report on health care in the US said that 28% of Americans have experienced times when they haven't been able to afford medical care. A news organization randomly sampled 801 black Americans, of whom 38% reported that there had been times in the last year when they had not been able to afford medical care. Does this indicate that this problem is more severe among black Americans?
-Was your test one-tail upper tail, one-tail lower tail, or two-tail? Explain why you chose that kind of test in this situation.

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Definitions:

Monetarists

Economists who posit that variability in the money supply critically impacts the short-term national economic output and the price level over longer spans.

Money Supply

This refers to the total amount of money (including cash, coins, and balances in bank accounts) in circulation within an economy at a given time.

Economic Behaviorists

Economic Behaviorists study how psychological, social, cognitive, and emotional factors affect economic decisions of individuals and institutions, and the consequences these decisions have on market prices, returns, and the allocation of resources.

Rational Behavior

Rational behavior refers to the decision-making process that involves choosing the most efficient means to achieve a desired result.