Ten Students in a Graduate Program at the University of Toronto

question 47

Essay

Ten students in a graduate program at the University of Toronto were randomly selected.Their grade point averages (GPAs)when they entered the program were between 3.5 and 4.0.The following data consist of the students' GPAs on entering the program and their current GPAs. $$\begin{array} { c | c } \text { Entering GPA } & \text { Current GPA } \\\hline 3.5 & 3.6 \\3.8 & 3.7 \\3.6 & 3.9 \\3.6 & 3.6 \\3.5 & 3.9 \\3.9 & 3.8 \\4.0 & 3.7 \\3.9 & 3.9 \\3.5 & 3.8 \\3.7 & 4.0\end{array}$$ Using a 10% level of significance,do the data below provide evidence of the conclusion that higher entering GPAs are associated with higher current GPAs?

---

Definitions:

T-Account

This is an informal term for a ledger account that depicts the credit and debit sides of transactions, used in accounting to organize financial data.

Work in Process

Inventory that includes goods partially completed but not yet ready for sale.

Predetermined Overhead Rate

The rate used to allocate estimated overhead costs to products or job orders, based on a preselected activity base.

Direct Labor Cost

The total expense that a company incurs for the labor directly involved in the manufacture of a product.