Exhibit 12-4 In the Past, 35% of the Students at ABC University

question 9

Multiple Choice

Exhibit 12-4
In the past, 35% of the students at ABC University were in the Business College, 35% of the students were in the Liberal Arts College, and 30% of the students were in the Education College. To see whether or not the proportions have changed, a sample of 300 students was taken. Ninety of the sample students are in the Business College, 120 are in the Liberal Arts College, and 90 are in the Education College.
-Refer to Exhibit 12-4. The calculated value for the test statistic equals

• A)0.01
• B)0.75
• C)4.29
• D)4.38

Analyze the influence of investment on economic growth in comparison to other countries.

Evaluate the relationship between productivity, human capital, technological knowledge, and living standards.

Understand the significance of human and physical capital in economic development.

Understand the classification and impact of different types of capital in the economy.

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Definitions:

Minimum Cash Balance

The smallest amount of cash that a company seeks to maintain in its accounts to ensure financial stability and operational efficiency.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services provided on credit, yet to be paid.

Accounts Receivable Period

The average number of days it takes for a business to collect payments owed by its customers.

Credit Sales

Sales made by a business for which payment is received at a later date, extending credit to the buyer.