The School's Newspaper Reported That the Proportion of Students Majoring

question 28

Multiple Choice

The school's newspaper reported that the proportion of students majoring in business is at least 30%. You plan on taking a sample to test the newspaper's claim. The correct set of hypotheses is

• A) H0: P < 0.30 Ha: P ≥ 0.30
• B) H0: P ≤ 0.30 Ha: P > 0.30
• C) H0: P ≥ 0.30 Ha: P < 0.30
• D) H0: P > 0.30 Ha: P ≤ 0.30

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Definitions:

Par Common Stock

The nominal or face value assigned to common stock shares, as stated in the corporate charter.

Total Impact

The overall effect or influence of something, often used to assess the comprehensive outcome of a decision, action, or event.

Cumulative Preferred

A type of preferred stock where dividends accumulate if not paid in a given period and must be paid out before any dividends can be distributed to common stockholders.

Dividends in Arrears

Dividends owed on cumulative preferred stock that require payment prior to distributing any dividends to holders of common stock.