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TABLE 12-6
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 12-6, the value of the test statistic is _____ .
Sherman Act
A landmark federal statute in the scope of U.S. antitrust law passed by Congress in 1890, which prohibits monopolistic practices and promotes competition.
Per Se Violation
An act that is inherently illegal, without the need for further evidence to prove its unlawfulness.
Economic Harm
Financial damage or loss experienced by an individual or entity due to another party's actions or events.
Territorial Restriction
Limitations placed on where a product can be sold or a service can be provided, often used by companies to divide markets or control franchises.
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