A University Interested in Tracking Its Honors Program Believes That

question 34

Multiple Choice

A university interested in tracking its honors program believes that the proportion of graduates with a GPA of 3.00 or below is less than 0.20. In a sample of 200 graduates, 30 students have a GPA of 3.00 or below. The value of the test statistic and its associated p-value are ________.

• A) t₁₉₉ = -1.77 and p-value = 0.0385
• B) z = -1.77 and p-value = 0.0385
• C) t₁₉₉ = -1.77 and p-value = 0.0768
• D) z = -1.77 and p-value = 0.0768

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Definitions:

Resold

The action of selling an item that has previously been sold or transferring ownership from one party to another.

Stock Dividend

A distribution of additional shares of a corporation’s own stock on a pro rata basis at no cost to existing stockholders.

Issuing Corporation

A company that is in the process of offering its securities (stocks or bonds) for sale to the public or investors.

Outstanding Shares

The total shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.