Instruction 15-9
the Director of Admissions at a Local University

question 117

True/False

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:
$$\begin{array} { | l | c | c | c | c | } \hline & \text { Admitted } & \text { Wait List } & \text { Denied } & \text { Total } \\\hline \text { Urban } & 45 & 21 & 17 & 83 \\\hline \text { Rural } & 33 & 13 & 24 & 70 \\\hline \text { Suburban } & 34 & 12 & 39 & 85 \\\hline \text { Total } & 112 & 46 & 80 & 238 \\\hline\end{array}$$ 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 same decision would be made with this test if the level of significance had been 0.005.

Describe how price controls, such as price ceilings and floors, can lead to inefficiencies in the market.

Understand the concepts of binding and nonbinding price ceilings and floors.

Analyze the impact of government-imposed price controls on market equilibrium.

Identify the effects of minimum wage laws on employment and unemployment.

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Definitions:

Technical Hypothesis

An alternative expression for hypothesis, focusing on a detailed, often scientific prediction or explanation that requires testing and validation through experiments or observation.

FOXP2 Gene

A gene associated with language and speech development in humans, mutations in which can lead to speech and language disorders.

Cerebral Blood Flow

The movement of blood through the network of blood vessels in the brain, critical for delivering nutrients and oxygen while removing wastes.

Natural Selection

The process by which heritable traits that confer a survival or reproductive advantage become more common in a population over generations.