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

question 40

True/False

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 null hypothesis claims that "there is no association between admission status at the college and the type of community in which an applicant resides."

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Definitions:

Unadjusted Trial Balance

A report that lists the balances of all accounts, both debits and credits, in a company's general ledger prior to any adjustments being made.

Depreciation Expense

An accounting method for allocating the cost of a tangible asset over its useful life to reflect the asset’s consumption, wear and tear, or obsolescence.

Adjusted Trial Balance

An inventory of every account along with its adjusted balance, utilized in the drafting of financial statements.

Adjusting Entries

Journal entries made at the end of an accounting period to update accounts before the financial statements are prepared.