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Instruction 15-9
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 15-9,the null hypothesis claims that "there is no association between admission status at the university and the type of community in which an applicant resides".
Common Stock
Equity securities that represent ownership in a corporation, giving shareholders voting rights and a residual claim on corporate earnings and assets.
Dividends
Payments made by a corporation to its shareholder members, typically from profits.
Common Stock
A type of ownership in a corporation that comes with voting rights, and typically receives dividends, reflecting a share in the company's profits.
Dividends
Payments made by a corporation to its shareholder members, reflecting the earnings the company has made and decided to distribute.
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