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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.
Breach of Contract
An act of failing to fulfill the terms of a contract between two or more parties.
Property
Assets or possessions that can be owned or controlled by an individual, corporation, or government, including tangible and intangible items.
Restaurant
A business establishment where meals or refreshments may be purchased.
Hotel
An establishment that provides paid lodging on a short-term basis, often offering various amenities.
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