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Instruction 15-12
The director of admissions at a local university is interested in investigating if admissions status (admitted, waiting list, denied admission) is independent of the type of community in which an applicant resides. He takes a sample of recent admissions decisions and forms the following table:
He will use this table to run a chi-square test of independence with a level of significance of 0.01.
-Referring to Instruction 15-12,the value of the test statistic is _______.
Current Asset
Assets that are expected to be converted into cash, sold, or consumed within one year or a business cycle, whichever is longer.
Current Liability
A company's debts or obligations that are due within one year or within the normal operating cycle.
Accounts Receivable
The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Sales
Revenues earned by a company from the sale of goods or services before any expenses are deducted.
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