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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 0.01 rather than 0.05.
Firm's Exposure
The extent to which a company is susceptible to various risks, including market, operational, and financial risks, affecting its performance.
Financial Risk
The possibility of losing money on an investment or business venture, including the risk of not achieving expected financial returns.
Uncertain Prices
Refers to the variability and unpredictability in the prices of goods, services, or securities, which can be influenced by various factors including market demand, inflation, and economic policies.
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