Twenty Economists Were Sampled and Asked to Predict If the National

question 83

Multiple Choice

Twenty economists were sampled and asked to predict if the national economy would improve during the next 12 months. Eleven of the economists predicted an increase, two economists predicted no change, and seven economists predicted a decrease in the economy. Conduct a hypothesis test at the 0.10 significance level to determine if the majority of economists predict an increase. The test statistic is _______.

• A) 0.224
• B) 1.179
• C) 1.707
• D) 0.179

---

Definitions:

Patient Satisfaction

The measure of how services received by a patient meet or surpass their expectations and care needs.

Affordable Care Act

A comprehensive health care reform law enacted in March 2010 in the United States, aimed at making affordable health insurance available to more people and reducing the growth in healthcare spending.

Consumer Protections

Laws and regulations designed to safeguard the rights and interests of consumers in the marketplace.

Coverage and Costs

Terms referring to the extent of healthcare services covered by insurance policies and the financial charges associated with them.