Last School Year, the Student Body of a Local University

question 26

Multiple Choice

Last school year, the student body of a local university consisted of 30% freshmen, 24% sophomores, 26% juniors, and 20% seniors.A sample of 400 students taken from this year's student body showed the following number of students in each classification. ​ We are interested in determining whether or not there has been a significant change in the classifications between the last school year and this school year.The calculated value for the test statistic equals

• A) .54.
• B) .65.
• C) 2.063.
• D) 2.664.

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Definitions:

Accounting Principle

A general rule or guideline that prescribes the methodology for recording financial transactions and preparing financial statements.

Asset Account

An accounting record that shows the amount of economic resources owned or controlled by an entity.

Liability Account

An account on the balance sheet representing obligations to pay money or deliver goods or services to another party in the future.

Tornado Damage

The destruction or damage caused to structures, lands, and properties as a result of a tornado, a rapidly rotating column of air in contact with both the surface of the Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud.