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

question 44

Short Answer

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 value of the test statistic is _______.

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Definitions:

Ledger

A comprehensive collection of a company's accounts, documenting all transactions and financial results.

Chart of Accounts

An organized list of all accounts in the general ledger of a company, each with a unique account number, used for recording transactions and preparing financial statements.

Book of Original Entry

A preliminary accounting record where transactions are first recorded; also known as a journal.

Chart of Accounts

An organized list of all the accounts used in a company's general ledger, categorized into assets, liabilities, equity, revenues, and expenses.