SCENARIO 12-20 The Director of the MBA Program of a State University

question 189

Short Answer

SCENARIO 12-20
The director of the MBA program of a state university wanted to know if a one week orientation
would change the proportion among potential incoming students who would perceive the program as
being good. Given below is the result from 215 students' view of the program before and after the
orientation.
-Referring to Scenario 12-20, what is the p-value of the test statistic using a 5% level of
significance?

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Definitions:

Production Incentives

Rewards or incentives designed to encourage increased productivity or output by employees or companies.

Marginal Productivity Theory

An economic theory that suggests the price of a factor of production (like labor or capital) is determined by its marginal productivity, or the additional output generated by one more unit of the factor.

Total Output

The total quantity of goods and services produced by an economy, a company, or a sector during a specific period.