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

question 12

Short Answer

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.
-Referring to Table 10-11, the null hypothesis will be rejected if the test statistic is ________.

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Definitions:

Acquisition

The process of acquiring control of another company or business entity through purchase or merger.

Shares Outstanding

The total number of shares of a company that have been issued and are currently owned by shareholders.

Market Value

The current price at which an asset or company can be bought or sold in the marketplace.

Net Present Value

The calculation used to determine the current value of a series of future cash flows, adjusted for time and interest.