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

question 89

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 p-value of this test is greater than 0.01.

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Definitions:

Wage Rate

The standard amount of pay given for work performed, often expressed as an amount per hour, day, or other unit of time.

Profit-maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit under given market conditions.

Product Price

The monetary cost consumers are required to pay to acquire a good or service.

Market Wage Rate

The prevailing rate of pay for a particular job in a specific market or geographical area.