TABLE 10-11 The Dean of a College Is Interested in the Proportion

question 51

True/False

TABLE 10-11
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 10-11,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:

Constant Returns to Scale

A situation in production where increasing all inputs by a certain proportion results in output increasing by that same proportion.

Verson Stamping Machine

A specific brand or type of machine used in the metal forming process, capable of shaping or cutting metal with high precision through stamping.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, resulting in lower per-unit costs due to increased production volume.

Automobile Industry

The sector of the economy that manufactures and sells motor vehicles.