A University Wants to Increase Its Retention Rate of 4

question 40

Essay

A university wants to increase its retention rate of 4% for graduating students from the previous year.After implementing several new programs during the last two years,the university reevaluated its retention rate using a random sample of 352 students and retained 18 students.Should the university continue its new programs? Test an appropriate hypothesis using α = 0.10 and state your conclusion.Be sure the appropriate assumptions and conditions are satisfied before you proceed.

---

Definitions:

Capital Contributions

Monetary or non-monetary assets provided by an owner or partner to increase the capital of a company or partnership.

General Partnership

A business structure where two or more partners share unlimited liability for the debts and obligations of the business.

RUPA

The Revised Uniform Partnership Act, which is a modern guide for the governance of partnerships, aiming to harmonize and modernize partnership law.

Profits Earned

The monetary gains made by a business after accounting for all expenses, indicating the financial success of business operations.