SCENARIO 10-11
the Dean of a College Is Interested in the Proportion

question 80

Multiple Choice

SCENARIO 10-11
The dean of a college is interested in the proportion of graduates from his college who have a job offer on graduation day.He is particularly interested in seeing if there is a difference in this proportion for accounting and economics majors.In a random sample of 100 of each type of major at graduation,he found that 65 accounting majors and 52 economics majors had job offers.If the accounting majors are designated as "Group 1" and the economics majors are designated as "Group 2," perform the appropriate hypothesis test using a level of significance of 0.05.
-Referring to Scenario 10-12,the hypotheses the dean should use are:

• A)H₀: \(\pi\)₁ - \(\pi\)₂ = 0 versus H₁: \(\pi\)₁ -\(\pi\)₂ \(\neq\) 0
• B)H₀: \(\pi\)₁ - \(\pi\) ₂ \(\neq\) 0 versus H₁: \(\pi\)₁ - \(\pi\) ₂ = 0
• C)H₀: \(\pi\)₁ - \(\pi\) ₂ \(\le\) 0 versus H₁: \(\pi\)₁ - \(\pi\) ₂ > 0
• D)H₀: \(\pi\)₁ - \(\pi\) ₂ \(\ge\) 0 versus H₁: \(\pi\)₁ - \(\pi\) ₂ < 0

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Definitions:

Purchase Intent

A measure or indication of a consumer's likelihood to buy a product or service in the near future.

Triple Bottom Line

Framework with three parts: social, environmental, and financial; also referred to as the 3Ps: people, planet, and profit.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, often focusing on environmental, economic, and social impact.

Corporate Social Responsibility

The commitment of a business to contribute to sustainable economic development and improve the quality of life of the workforce, their families, the community, and society at large.