TABLE 12-2 The Dean of a College Is Interested in the Proportion

question 103

True/False

TABLE 12-2
The dean of a college is interested in the proportion of graduates from his college who have a job offer on graduation day.He is particularly interested in seeing if there is a difference in this proportion for accounting and economics majors.In a random sample of 100 of each type of major at graduation,he found that 65 accounting majors and 52 economics majors had job offers.If the accounting majors are designated as "Group 1" and the economics majors are designated as "Group 2," perform the appropriate hypothesis test using a level of significance of 0.05.
-True or False: Referring to Table 12-2,the same decision would be made with this test if the level of significance had been 0.10 rather than 0.05.

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Definitions:

Negotiable

Refers to the quality of a document or instrument that can be transferred or assigned from one party to another as a form of payment or financial instrument.

Uncertain Event

An event with an outcome that cannot be predicted with precision due to lack of definite knowledge or its reliance on chance.

Negotiable Instruments

Financial documents that guarantee the payment of a specified amount of money to a person in possession of the instrument, either on demand or at a set time.

Rubber-Stamped Signature

A signature reproduced by a stamp, often used for routine or mass signings.