The Office of Records at a University Has Stated That $\alpha$

question 105

Essay

The office of records at a university has stated that the proportion of incoming female students who major in business has increased.A sample of female students taken several years ago is compared with a sample of female students this year.Results are summarized below.Has the proportion increased significantly? Test at $\alpha$ = 0.10.

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Definitions:

Total Revenue

The total amount of money a company receives from sales of its products or services, before any expenses are subtracted.

Total Revenue

The total income generated by a firm from its sales of goods or services, calculated as the unit price times the quantity sold.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced.

Average Variable Cost

The total variable costs divided by the quantity of output, representing the variable cost per unit of output.