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Author Question: A study was recently conducted at a major university to estimate the difference in the proportion of ... (Read 87 times)

ENagel

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on: Jun 24, 2018
A study was recently conducted at a major university to estimate the difference in the proportion of business school graduates who go on to graduate school within five years after graduation and the proportion of non-business school graduates who
 
  attend graduate school. 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 gone on to graduate school. Based on a 95 percent confidence level, what is the upper limit of the confidence interval estimate?A) 0.2340
  B) 0.1034
  C) -0.031
  D) -0.018

Question 2

The expected monetary value approach selects the decision based on the highest average payoff.
 
  Indicate whether the statement is true or false
Statistics, Data Analysis, and Decision Modeling ¦ Evans ¦ 5th Edition
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dantucker

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


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