Exhibit 2-3
A survey of 800 college seniors resulted in the following crosstabulation regarding their undergraduate major and whether or not they plan to go to graduate school. 
-Refer to Exhibit 2-3. What percentage of the students does not plan to go to graduate school?
Definitions:
Investment Proposals
Plans or suggestions put forward for consideration, primarily for the purpose of making investments.
Profitability Index
A capital budgeting tool that calculates the ratio of the present value of future cash flows to the investment’s initial cost.
Investment Projects
Initiatives undertaken by a business or individual involving the allocation of resources with the expectation of generating future returns.
Profitability Index
A financial tool used to evaluate the attractiveness of an investment by calculating the ratio of the present value of future cash flows to the initial investment cost.
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