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

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TABLE 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:
TABLE 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 Table 12-11, the critical value of the test is ________.
He will use this table to do a chi-square test of independence with a level of significance of 0.01.
-Referring to Table 12-11, the critical value of the test is ________.


Definitions:

Cash Inflows

The total amount of money being transferred into a business, typically from operational, investing, and financing activities.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in investment appraisal.

Salvage Value

The predicted residual worth of an asset at the end of its usefulness.

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