A Study Was Recently Conducted at a Major University to Estimate

question 15

Multiple Choice

A study was recently conducted at a major university to estimate the difference in the proportion of business school and non-business school graduates who go on to a higher degree programme within five years of graduation A random sample of 400 business school graduates showed that 75 had gone to graduate school, while in a random sample of 500 non-business graduates, 137 had done so. The 95% confidence interval is

• A) -0.1412 to -0.0318
• B) -2.0465 to 1.8375
• C) -0.0880 to -0.0850
• D) -0.1144 to -0.0586
• E) -0.0873 to -0.0857

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Definitions:

Outstanding Checks

Checks issued by a company that have been recorded in its books but have not yet been cashed by the recipient.

Deposits In Transit

Deposits in transit refer to money that has been received and recorded by a business but not yet by its bank, often because of time needed for the banking processing.

NSF Check

A check that cannot be processed due to insufficient funds in the account it was drawn on, also known as a "bounced check."

EFT Deposit

An electronic funds transfer directly into a bank account, considered a safe and efficient way to transfer money.