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
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