A Total of 23 Gossett High School Students Were Admitted $\text { Composite ACT Score }$

question 32

Essay

A total of 23 Gossett High School students were admitted to State University. Of those students, 7 were offered athletic scholarships. The school's guidance counselor looked at their composite ACT scores (shown in the table), wondering if State U. might admit people with lower scores if they also were athletes. Assuming that this group of students is representative of students throughout the state, what do you think?
$\text { Composite ACT Score }$
$\begin{array}{|c|c|}\hline\text { Non-athletes} &\text { Athletes} \\\hline 25 \quad21 & 22 \\22\quad 27 & 21 \\19 \quad 29 & 24 \\25 \quad 26 & 27 \\24 \quad 30 & 19 \\25 \quad 27 & 23 \\24 \quad 26 & 17 \\23 \quad 23 & \\\hline\end{array}$

-Create and interpret a 90% confidence interval.

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Definitions:

Straight-Line Depreciation

A technique for breaking down the financial responsibility of a physical asset over its effective life in consistent yearly portions.

Working Capital

The variance between a firm's existing assets and liabilities, showcasing the immediate financial wellbeing and efficiency in operations of the company.

Capital Budgeting

The strategy of investigating and selecting long-term investments that correspond with the pursuit of amplifying shareholder wealth.

Incremental Sales

Additional sales generated by a new action or decision, beyond what would have been sold without it.