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:

Federal Trade Commission

A U.S. government agency whose mission is to protect consumers and promote competition.

Misleading Advertising

Advertising that deceives or is likely to deceive the consumers, making them believe something about a product or service that is not true.

Insider Trading

Refers to illegal practice where trade of a company's stock is undertaken by people who have access to non-public, material information about the company.

Tying Contract

A requirement imposed by a seller that a buyer purchase another (or other) of its products as a condition for buying a desired product; a practice forbidden by the Clayton Act.