SCENARIO 12-2 The Dean of a College Is Interested in the Proportion

question 44

Short Answer

SCENARIO 12-2
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 12-2,the null hypothesis will be rejected if the test statistic is .

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Definitions:

Partnership Interest

The share or portion that a partner owns in a partnership, including rights to profits and decision making.

Capital Account

An account showing the net worth of a business at a specific point in time, including resources owned and liabilities owed.

Equity

The value of an owner's interest in a property or business, determined by subtracting liabilities from assets.

Income Ratios

Financial metrics that compare different components of a company's income statement, such as profit margins, to assess its financial performance.