Provide an Appropriate Response $65 \%$ Were in Favor of Increasing the Legal Drinking Age

question 6

Short Answer

Provide an appropriate response.
-In a recent survey of drinking laws, a random sample of 1000 women showed that $65 \%$ were in favor of increasing the legal drinking age. In a random sample of $1000 \mathrm { men } , 60 \%$ favored increasing the legal drinking age. Test the hypothesis that the percentage of men and women favoring a higher legal drinking age is the same. Use $\alpha = 0.05$ .

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Definitions:

Trade-off

A case where the gain of one property or aspect comes at the cost of losing another.

Budget Constraints

Refers to the limitations on the consumption choices of individuals or entities due to their available resources, such as income or wealth.

Indifference Curves

Graphical representations showing combinations of two goods that give the consumer equal satisfaction and utility.

Optimum

The most favorable condition or level of something, where benefits are maximized and negative effects are minimized.