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A School Is Trying to Determine If There Is a Relationship

question 30

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A school is trying to determine if there is a relationship between gender and which of its 3 programs that students enrol. It was observed that 20 females enrolled in accounting, 15 in finance and 25 in marketing. For males, 10 enrolled in accounting, 20 enrolled in finance and 15 enrolled in marketing. Can we conclude that there is a relationship between gender and program? Use the 0.05 significance level.


Definitions:

Accounting Profits

The difference between total revenue and explicit costs of a business, as calculated for financial reporting and tax purposes.

Explicit Costs

Direct, out-of-pocket payments for wages, materials, rent, and other expenditures incurred in the conduct of a business.

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied.

Loanable Funds

The total amounts of capital available for borrowing, which includes savings and any additional credits created by financial institutions.

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