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

question 182

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 90% 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:

Actual Physical Units

Actual physical units refer to the tangible quantity of items produced, held in inventory, or sold, as measured by physical count.

Joint Costs

Costs that are incurred in the process of producing two or more products simultaneously and cannot be easily separated for each product.

Market Value at Split-Off Method

A method used in accounting to allocate joint costs among products on the basis of their respective market values at the point where they are separable or split-off.

Joint Manufacturing Processes

Production processes in which multiple products are produced simultaneously or sequentially using the same resources or inputs.