The University Registrar Claims That Fewer Than 20 Percent of Undergraduate

question 134

Multiple Choice

The university registrar claims that fewer than 20 percent of undergraduate students stay in residence for their four years as students. To test this claim, a random sample of 100 graduating students was selected, and 18 were found to have lived in residence for their four years.
-The appropriate test statistic to test the hypotheses is _____.

• A)5.00
• B)0.50
• C)0.212
• D)-0.50
• E)-1.00

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Definitions:

New Venture Creation

The process of designing, launching, and running a new business or startup.

Market Niche

A specialized segment of the market for a particular kind of product or service, characterized by specific customer needs and preferences that the business aims to fulfill.

First-Mover Advantage

Comes from being first to exploit a niche or enter a market.

Oligopolistic Industry

An industry structure marked by a small number of firms that dominate the market, often resulting in strategic interactions among these firms.