The Office of Records at a University Has Stated That

question 20

Essay

The office of records at a university has stated that the proportion of incoming female students who major in business has increased. A random sample of female students selected several years ago is compared with a random sample of female students selected this year. Results are summarized below. Has the proportion increased significantly? Test at α = .10. $$\begin{array} { l l l } & \text { Sample Size } & \text { No. Majoring in Business } \\\text { Previous sample } & 250 & 50 \\\text { Present sample } & 300 & 69\end{array}$$

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Definitions:

Fraud

Deceptive practice intended to result in financial or personal gain, often involving the deliberate misrepresentation or omission of critical information.

Reliability

The consistency and dependability of data or an instrument, often measured over time to ensure stability and accuracy in results.

Accounting Records

Accounting Records are documentation and books that comprise all the financial statements, ledgers, and other pertinent financial information about a business.

Days' Sales Uncollected

A financial ratio that measures the average number of days it takes for a company to collect payment after a sale has been made.