SCENARIO 12-11 The Director of Admissions at a State College Is Interested

question 45

Short Answer

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 critical value of the test is .

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Cost Of Capital

The minimum yield a firm needs to generate from its investment endeavors to sustain its market valuation and appeal to investors.

Free Cash Flow

The sum of money a business produces after deducting the capital expenses required to sustain or grow its assets.

Value Of Equity

The total value of a company's shares of stock held by all its shareholders, including share capital plus retained earnings.