In an Attempt to Forecast Enrollment, a Major University Hired

question 120

Multiple Choice

In an attempt to forecast enrollment, a major university hired an economist to give a "head count." One variable which she would probably emphasize more than any other in trying to forecast this is

• A)how interested people are in attending college.
• B)the employment opportunities that college opens up.
• C)survey results on public interest in education.
• D)her instinct about what the public wants.
• E)tuition (the price of attending).

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Definitions:

Sample Proportion

The ratio or fraction of sample observations that belong to a certain category or that exhibit a particular attribute or characteristic.

Centerline

In statistical process control, the central value around which data points fluctuate, often representing the process average.

Lower Control Limit

The lower control limit is the lower threshold on a control chart in statistical process control, beneath which the process variability is considered to be in a state of control.

P Chart

A type of control chart used to monitor the proportion of nonconforming units in a manufacturing or business process.