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A high school principal wanted to know if the racial makeup of her teachers mirrored that of the student body. The student body broke down into 47% White, 28% Latino, 15% African American, and 10% other. Of the 65 teachers, 42 were White, 4 were Latino, 15 were African American, and 4 were Other. Do these results suggest that the racial makeup of the faculty members is different from that of the students? (Use the .05 significance level.)
Use the five steps of hypothesis testing and explain your findings.
Financial Benefits
Advantages gained in monetary terms, such as increased revenue, cost savings, or improved profit margins.
Tax Advantages
Financial benefits derived from tax laws, such as deductions or credits, which reduce the tax liability for individuals or businesses.
Reduced Debt
A financial condition indicating a decrease in the amount of money owed by an individual, company, or government.
Cultural Transformation
The process of fundamentally changing the underlying values, beliefs, and behaviors of an organization to achieve lasting organizational change.
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