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SCENARIO 12-19
The director of the MBA program of a state university wanted to know if a one week orientation would change the proportion among potential incoming students who would perceive the program as being good.Given below is the result from 215 students' view of the program before and after the orientation.
-Referring to Scenario 12-19,what is the p-value of the test statistic using a 5% level of significance?
Expansionary Gap
A condition where an economy's actual gross domestic product is higher than its long-run potential, leading to upward pressure on prices.
Government Purchases
Spending on products and services by all levels of government, not including transfer payments.
Unemployment Insurance
A government program that provides financial assistance to workers who have lost their jobs through no fault of their own.
Discretionary Fiscal Policy
Government policy that entails the use of government spending and tax policies to influence the economy, based on specific goals or conditions.
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