Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION #4 JSU has long boasted that 65% of its graduating students go on to graduate school. You decide to perform a hypothesis test to

QUESTION #4

JSU has long boasted that 65% of its graduating students go on to graduate school. You decide to perform a hypothesis test to see if it is exaggerating. It samples 300 recent graduates and finds that 165 of them went on to graduate school.

A. Describe the population that is sampled.

B. Perform a one tailed hypothesis test placing the university's boast within the null hypothesis. Use a level of significance of 0.05.

C. Are we concluding that the difference between the test statistic and population proportion reflect sampling error?

D. Should the school continue boasting that sixty-five percent of its graduates go immediately on to graduate school?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Financial Accounting

Authors: Anne Marie Ward, Andrew Thomas

9th Edition

1526803003, 978-1526803009

More Books

Students also viewed these Accounting questions