Twenty Economists Were Sampled and Asked to Predict If the National

question 106

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. Based on the analysis, we would conclude that:

• A) the economists favor an increase in the economy.
• B) the economists favor a decrease in the economy.
• C) the economists favor no change in the economy.
• D) No conclusion can be reacheD.

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Definitions:

Delirium

An acute, often reversible, state of confusion characterized by impaired cognitive function, attention, and perception, usually resulting from an underlying medical condition.

Elderly

A term used to describe individuals of advanced age, typically characterized by specific social, health, and psychological characteristics.

Overweight Or Obese

Having excess body fat to the extent that it may have a negative effect on health, measured by body mass index (BMI).

Delirium

An acute confusional state characterized by altered consciousness, disturbed cognitive functioning, and a fluctuating course.