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

question 168

Short Answer

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 10-11,construct a 99% confidence interval estimate of the difference in proportion between accounting majors and economic majors who have a job offer on graduation day.

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Definitions:

Amortized

Pertains to gradually reducing the cost of an intangible asset through scheduled, predetermined payments over its useful life.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, representing the total value that shareholders would theoretically receive if a company was liquidated.

Noncontrolling Interest

A portion of equity in a subsidiary not attributable, directly or indirectly, to the parent company, reflecting minority shareholders' claim on assets and earnings.

Markup

The difference between the cost of a good or service and its selling price, represented as a percentage of the cost.