Instruction 10-10 The Dean of a College Is Interested in the Proportion

question 34

Short Answer

Instruction 10-10
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 students and 52 economics students had job offers.If the accounting students are designated as "Group 1" and the economics students are designated as "Group 2",perform the appropriate hypothesis test using a level of significance of 0.05.
-Referring to Instruction 10-10,the value of the test statistic is ________.

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Definitions:

Business Entity

An organization created by one or more individuals to engage in business activities, structured as corporations, partnerships, sole proprietorships, or other forms.

Borrowed Money

Funds that an individual or entity has received from another party under the condition that it is to be repaid, typically with interest, at a later date.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owners' Equity, depicting a company's financial position at a specific point in time.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.