The School's Newspaper Reported That the Proportion of Students Majoring

question 69

Multiple Choice

The school's newspaper reported that the proportion of students majoring in business is at least 30%. You plan on taking a sample to test the newspaper's claim. The correct set of hypotheses is _____.

• A) H₀: p < .30 Ha: p ≥ .30
• B) H₀: p ≤ .30 Ha: p > .30
• C) H₀: p ≥ .30 Ha: p < .30
• D) H₀: p > .30 Ha: p ≤ .30

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Definitions:

Subordinated Debt

A class of debt which ranks below other debts with regard to claims on assets or earnings.

Priority of Repayment

A hierarchy or order in which obligations and debts are to be paid, particularly relevant in bankruptcies and when liquidating assets.

Bond Indenture

A legal document specifying the terms and conditions under which a bond is issued.

Sinking Fund

A Sinking Fund is a fund established by an issuer of a bond to repay the principal amount of the bond at maturity, usually by setting aside funds over a period of time.