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

question 117

Short Answer

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, construct a 90% confidence interval estimate of the difference in proportion between accounting majors and economic majors who have a job offer on graduation day.

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Definitions:

Balance Power

The distribution of power among various parties in a way that no one side has dominance over the others.

Principled Negotiation

A negotiation strategy that focuses on the merits of an issue and seeks mutual gains or objectives rather than positioning.

Firm Flexibility

The ability to be resolute in decision-making while being adaptable to changing circumstances.

Inherent Interests

Fundamental or natural concerns, desires, or motivations intrinsic to an individual or group.