Instruction 19-4
the Director of the MBA Program of a University

question 11

True/False

Instruction 19-4
The director of the MBA program of a university wanted to know if a one week orientation would change the proportion among potential incoming students who would perceive the program as being good.Given below is the result from 215 students' view of the program before and after the orientation.
After the Orientation
$$\begin{array} { | l | l | l | l | } \hline \text { Before the Orientation } & \text { Good } & \text { Not Good } & \text { Total } \\\hline \text { Good } & 93 & 37 & 130 \\\hline \text { Not Good } & 71 & 14 & 85 \\\hline \text { Total } & 164 & 51 & 215 \\\hline\end{array}$$
-Referring to Instruction 19-4,the decision made at a 0.01 level of significance on the Friedman rank test for the difference in medians implies that the 3 medians are not all the same.

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Definitions:

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life, also considered in depreciation calculations.

Asset Improvements

Enhancements or upgrades made to a company's assets to increase their efficiency, productivity, or value.

Ordinary Maintenance

Ordinary maintenance involves the routine upkeep and repairs necessary to maintain assets in their current condition, without significantly enhancing their value or extending their life.

Asset Improvements

Expenditures made to increase the service life, operating efficiency, or productive capacity of an asset.