Born between 1980 and 1990, Generation Next was the topic of Exercise 8.64. In a survey of 500 female and 500 male students in Generation Next, 345 of the females and 365 of the males reported that they decided to attend college in order to make more money.
a. Is there a significant difference in the population proportions of female and male students who decided to attend college in order to make more money? Use α = .01.
b. Can you think of any reason why a statistically significant difference in these population proportions might be of practical importance? To whom might this difference be important?