Exhibit 11-7 In the Past, 35% of the Students at ABC University

question 96

Multiple Choice

Exhibit 11-7
In the past, 35% of the students at ABC University were in the Business College, 35% of the students were in the Liberal Arts College, and 30% of the students were in the Education College. To see whether or not the proportions have changed, a sample of 300 students was taken. Ninety of the sample students are in the Business College, 120 are in the Liberal Arts College, and 90 are in the Education College.
-Refer to Exhibit 11-7. The p-value is

• A)greater than 0.1
• B)between 0.05 and 0.1
• C)between 0.025 and 0.05
• D)between 0.01 and .025

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Definitions:

Line-by-Line Method

A method of consolidation where the parent company's and its subsidiaries' financial statements items are added together line by line.

Jointly Controlled Operations

Business activities that are managed and operated under the joint control of two or more entities, sharing both the benefits and obligations.

Operating Activities

These are the day-to-day activities of a business related to its primary operations, such as selling products or providing services, which are reflected in the cash flows of a company.

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity and overall financial health.