A Study Was Recently Conducted at a Major University to Determine

question 97

Multiple Choice

A study was recently conducted at a major university to determine whether there is a difference in the proportion of business school graduates who go on to graduate school within five years after graduation and the proportion of non-business school graduates who attend graduate school. A random sample of 400 business school graduates showed that 75 had gone to graduate school while in a random sample of 500 non-business graduates, 137 had gone on to graduate school. Based on these sample data, and testing at the 0.10 level of significance, what is the value of the test statistic?

• A) Approximately z = 1.645
• B) About z = -3.04
• C) Approximately z = 3.45
• D) About z = 1.96

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Definitions:

Machining Department

A segment within a manufacturing facility where machining processes such as cutting, drilling, or shaping materials are carried out.

Overhead Applied

The amount of overhead costs allocated to the production of goods or services, often based on a predetermined overhead rate.

Assembly Department

A section within a manufacturing facility where assembly of the final product or parts of it takes place.

Overhead Applied

The process of assigning a portion of indirect costs to specific manufacturing jobs or units.