Instruction 15-6 The Dean of a College Is Interested in the Proportion

question 124

True/False

Instruction 15-6
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 majors and 52 economics majors had job offers.If the accounting majors are designated as "Group 1" and the economics majors are designated as "Group 2",perform the appropriate hypothesis test using a level of significance of 0.05.
-Referring to Instruction 15-6,the same decision would be made with this test if the level of significance had been 0.10 rather than 0.05.

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Definitions:

Current Tax Liability

The amount of taxes a company is obligated to pay to governmental entities within the current year, based on its earnings.

Non-Current

Assets or liabilities expected to be realized, settled, or consumed beyond one year or the normal operating cycle, whichever is longer.

Current

In financial terms, "current" often relates to assets and liabilities that are expected to be sold, used, or settled within one year.

Decision-Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.