Instruction 10-10 The Dean of a College Is Interested in the Proportion

question 115

True/False

Instruction 10-10
The dean of a college is interested in the proportion of graduates from his college who have a job offer on graduation day. He is particularly interested in seeing if there is a difference in this proportion for accounting and economics majors. In a random sample of 100 of each type of major at graduation, he found that 65 accounting students and 52 economics students had job offers. If the accounting students are designated as "Group 1" and the economics students are designated as "Group 2", perform the appropriate hypothesis test using a level of significance of 0.05.
-Referring to Instruction 10-13,the same decision would be made with this test if the level of significance had been 0.01 rather than 0.05.

---

Definitions:

Order for Relief

A court order that formally begins the process of providing legal relief to a debtor in a bankruptcy case, offering protection from creditors.

Bankruptcy Petitioner

An individual or entity that initiates a bankruptcy case by filing a petition in bankruptcy court.

Secured Creditors

Creditors that hold a claim against assets or collateral provided by the debtor to secure the obligation of repayment.

Unsecured Creditors

Creditors who have lent money without taking any collateral, meaning they have no specific claims on assets of the debtor in case of default.