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

question 54

True/False

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 same decision would be made with this test if the level of significance had been 0.01 rather than 0.05.

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Definitions:

Comprehensive Income

Represents the total change in equity for a period that is derived from both operating and non-operating activities, excluding any owner changes.

AASB 101

The Australian Accounting Standard that outlines the presentation requirements for financial statements, ensuring their comparability both with the entity's financial statements of previous periods and with the financial statements of other entities.

Comprehensive Income

A measure of all changes in equity of a company during a period from transactions and other events from non-owner sources. It includes all revenues and gains, expenses and losses.