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

question 67

Multiple Choice

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 hypotheses the dean should use are:

• A)\(H _ { 0 } : \pi _ { 1 } - \pi _ { 2 } = 0 \text { versus } H _ { 1 } : \pi _ { 1 } - \pi _ { 2 } \neq 0\)
• B)\(H _ { 0 } : \pi _ { 1 } - \pi _ { 2 } \neq 0 \text { versus } H _ { 1 } : \pi _ { 1 } - \pi _ { 2 } = 0\)
• C)\(H _ { 0 } : \pi _ { 1 } - \pi _ { 2 } \leq 0 \text { versus } H _ { 1 } : \pi _ { 1 } - \pi _ { 2 } > 0\)
• D)\(H _ { 0 } : \pi _ { 1 } - \pi _ { 2 } \geq 0 \text { versus } H _ { 1 } : \pi _ { 1 } - \pi _ { 2 } < 0\)

Comprehend the legality and implications of insider trading, including the role of tipper and tippee.

Distinguish between shareholders, stakeholders, and officers within a corporation and their respective roles and rights.

Analyze the legal considerations surrounding corporate opportunities, including the safe harbor under the corporate opportunity doctrine.

Understand the structure and functions of corporate governance, including the role of the board of directors and voting processes.

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Definitions:

Mental Age

A measure of an individual's mental ability expressed as the age at which an average individual reaches the same level of performance.

Chronological Age

The actual age of an individual as measured in years from the date of birth.

Treatment Goals

Specific, measurable objectives set by healthcare providers and patients to guide therapeutic interventions.

Diagnosis

The identification of the nature and cause of a certain phenomenon, often used in the context of medical conditions or technical problems.