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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 null hypothesis should be rejected.
Grams
A metric unit of mass equal to one thousandth of a kilogram.
Suggested Retail Price
The retail price recommended by the manufacturer for the sale of a product to consumers.
Unit Retail Price
The price at which a single unit of a product is sold to consumers in the retail market.
Retail Price
The total cost at which a product or service is sold to the end consumer, inclusive of all markups.
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