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

question 104

Multiple Choice

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 hypotheses the dean should use are

• A) H₀: π₁ - π₂ ≤ 0 versus H₁: π₁ - π₂ > 0.
• B) H₀: π₁ - π₂ = 0 versus H₁: π₁ - π₂ ≠ 0.
• C) H₀: π₁ - π₂ ≠ 0 versus H₁: π₁ - π₂ = 0.
• D) H₀: π₁ - π₂ ≥ 0 versus H₁: π₁ - π₂ < 0.

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Definitions:

Acquisition Cost

The total cost associated with purchasing an asset, including the price and all other costs to prepare the asset for use.

Salvage Value

The anticipated amount an asset will fetch when sold at the conclusion of its useful lifespan.

Illuminate

To light up or brighten a space; in a metaphorical sense, it can also mean to clarify or make something clear and understandable.

Paving Cost

Expenses related to the laying of a pavement, including materials and labor.