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SCENARIO 12-11
The director of admissions at a state college is interested in seeing if admissions status (admitted,waiting list,denied admission)at his college is independent of the type of community in which an applicant resides.He takes a sample of recent admissions decisions and forms the following table:
He will use this table to do a chi-square test of independence with a level of significance of 0.01.
-Referring to Scenario 12-11,the p-value of this test is greater than 0.01.
Transfer Payment
A payment made by governments to individuals without any services or goods being received in return, often part of social welfare programs.
Old-Age Pensions
Retirement benefits provided by the government, employers, or other institutions to support individuals financially after they retire.
Military Expenditures
The funds spent by a country on its military forces, including salaries, equipment, and operations.
Marginal Tax Rate
The marginal tax rate is the percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate paid on the last dollar of your income.
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