Read the News Story Below

question 99

Essay

Read the news story below.Using the 95 percent confidence level,what sample size would be needed to estimate the true proportion of stores selling cigarettes to minors with an error of ± 3 percent? Explain carefully,showing all steps in your reasoning.

---

Definitions:

Keynes

An alternate perspective on John Maynard Keynes, highlighting him as a seminal figure whose theories on fiscal policy, investment, and demand management have influence beyond traditional economics.

Cyclical Unemployment

Refers to the unemployment that occurs due to fluctuations in the economy or the business cycle, such as during a recession.

Budget Deficit

A budget deficit occurs when a government’s expenditures exceed its revenues within a given fiscal period, leading to the need for borrowing or using saved reserves.

Keynesian Model

An economic theory advocating for government intervention in the economy through fiscal policies to manage demand and address unemployment.