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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 same decision would be made with this test if the level of significance had been 0.10 rather than 0.05.
Medical Insurance Protection
Coverage offered by insurance policies to help cover the cost of medical and surgical expenses of the insured individual.
Administrative Fee
A charge associated with the management or processing of a service, often added to the cost of transactions or services.
Employment-At-Will Doctrine
A legal rule that an employment relationship can be terminated by either the employer or the employee at any time, for any reason or for no reason at all, unless otherwise legally restricted.
Federal Laws
Legislation enacted by the national government of a country that applies to all regions, states, or territories within that country.
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