Provide an Appropriate Response $\alpha = 0.02$

question 93

Short Answer

Provide an appropriate response.
-A random sample of 100 students at a high school was asked whether they would ask their father or mother for help with a financial problem. A second sample of 100 different students was asked the same question regarding a dating problem. If 43 students in the first sample and 47 students in the second sample replied that they turned to their mother rather than their father for help, test the hypothesis of no difference in the proportions. Use $\alpha = 0.02$ .

---

Definitions:

Fiscal Policy

Policies implemented by the government that involve taxation and expenditure to affect economic activities.

Chronic Deficits

entail persistent and extended periods where expenses exceed revenue, leading to sustained budget shortfalls.

Aggregate Demand

Aggregate demand represents the total demand for goods and services in an economy at a given overall price level and in a given time period.

Annually Balanced Budget

A financial plan where government's revenues are equal to its expenditures within a one-year period, resulting in no deficit.