Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Individuals who enrolled in the Affordable Care Act Health Insurance Marketplace plans represented about 4.2% of all Americans with insurance in 2015. The Department of
Individuals who enrolled in the Affordable Care Act Health Insurance Marketplace plans represented about 4.2% of all Americans with insurance in 2015. The Department of Health & Human Services wanted to determine whether the rate of enrollment in these marketplace plans in 2016 grew as compared to the 2015 rate of 4.2%. It selected a random sample of 600 insured Americans in 2016 and found that 29 of them enrolled in ACA marketplace plans.
- Could the Department of Health & Human Service be reasonably sure that the enrollment rate increased? Calculate a p-value for the observed proportion and interpret it.
- If the significance level is set at .01, is this change in enrollment rate statistically significant? State your hypotheses and conduct a test.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started