TABLE 10-12 The Dean of a College Is Interested in the Proportion

question 138

Multiple Choice

TABLE 10-12
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 10-12, the hypotheses the dean should use are:

• A) H₀ : π₁ - π₂ = 0 versus H₁: π₁ - π₂ ≠ 0
• B) H₀ : π₁ - π₂ ≠ 0 versus H₁: π₁ - π₂ = 0
• C) H₀ : π₁ - π₂ ≤ 0 versus H₁: π₁ - π₂ > 0
• D) H₀ : π₁ - π₂ ≥ 0 versus H₁: π₁ - π₂ < 0

Understand the role of negotiation in conflict management.

Know the importance of BATNA in negotiation.

Recognize the potential for non-rational escalation in conflicts.

Understand the impact of communication styles on negotiation outcomes.

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Definitions:

Legal Ownership

The officially recognized possession of property, rights, or interests, backed by law.

Bondable Interest

Interest in a project or property that can be secured or protected by a bond, often related to construction or contractual obligations.

Third-Party Tender Delivery Contract

An agreement involving three parties where one party undertakes to deliver goods or services on behalf of another to a third party.

Good Title

Good title refers to the legal right to own and sell property because it is free from any liens or claims against it.