A Report on Health Care in the US Said That

question 86

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?
-Explain what your P-value means in this context.

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Definitions:

Present Expenditures

Current spending or outflows of money, usually referring to the costs or expenses a business or individual faces at the moment.

MU (Marginal Utility)

The augmented utility or pleasure achieved by consuming an extra unit of a good or service.

Marginal Cost

The outlay required to produce another unit of a product or service.

Marginal Benefit

The additional benefit to a consumer from consuming one more unit of a good or service.