Last School Year, in the School of Business Administration, 30

question 14

Essay

Last school year, in the school of Business Administration, 30% were Accounting majors, 24% Management majors, 26% Marketing majors, and 20% Economics majors. A random sample of 300 students taken this year showed the following number of students in each major: $$\begin{array} { l l } \text { Accounting } & 83 \\\text { Management } & 68 \\\text { Marketing } & 85 \\\text { Economics } & 64 \\\hline \text { Total } & 300\end{array}$$ Has there been a significant change in the number of students in each major between the last school year and this school year? Use α = .05.

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Definitions:

Retained Earnings

The part of a company's earnings that is not distributed as dividends to its shareholders but instead is held back or saved.

Hiring

The process of finding, evaluating, and establishing a working relationship with new employees.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.