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

question 65

True/False

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 should be rejected.

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Definitions:

Statistical Technique

A method used in the analysis of numerical data and the interpretation of statistical results.

Factor Analysis

A statistical strategy for identifying key variables, or factors, that elucidate the correlation patterns observed within a set of variables.

Statistical Technique

A method used in the collection, analysis, interpretation, or presentation of data.

Continuously Compounded Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.