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:

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, without controlling or jointly controlling the entity.

Short-Term Investment

An investment expected to be converted into cash, sold, or exchanged within a short time frame, typically within a year.

Stock Investments

Financial assets consisting of shares in companies, representing ownership and possibly entitling the shareholder to dividends.

Debt Investments

Financial assets involving the loan of money by an investor to a borrower, typically with the expectation of receiving interest income in addition to principle repayment.