TABLE 12-2 The Dean of a College Is Interested in the Proportion

question 124

Short Answer

TABLE 12-2
The dean of a college is interested in the proportion of graduates from his college who have a job offer on graduation day. He is particularly interested in seeing if there is a difference in this proportion for accounting and economics majors. In a random sample of 100 of each type of major at graduation, he found that 65 accounting majors and 52 economics majors had job offers. If the accounting majors are designated as "Group 1" and the economics majors are designated as "Group 2," perform the appropriate hypothesis test using a level of significance of 0.05.
-Referring to Table 12-2, the null hypothesis will be rejected if the test statistic is ________.

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Definitions:

Standard Machine-Hours

A measure of manufacturing time that is expected to be used, based on a standard rate of output per machine.

Manufacturing Overhead

All indirect costs associated with manufacturing, excluding direct labor and direct materials. This includes expenses such as utilities and rent for the manufacturing facilities.

Direct Labor Costs

Expenses associated with employees who are directly involved in the production of goods or services.

Actual Hours

Refers to the real amount of time spent on a task or activity, as recorded or reported.