Step 1. Test Set-up The Dean of Students at Nunya Business College claims that by the time of graduation, 95 percent of graduating seniors have accepted offers for full-time salaried jobs in their area of study. The leaders of student government think this is an exaggeration. They take a random sample of 81 students. Seventy-three of them had accepted a job just before graduation. You have been asked to determine whether the student survey provides sufficient evidence that fewer than 95 percent of graduating seniors have accepted jobs prior to graduating. What test statistic should you use? Step 2. Select the Level of Significance, α
Step 1. Test Set-up
The Dean of Students at Nunya Business College claims that by the time of graduation, 95 percent of graduating seniors have accepted offers for full-time salaried jobs in their area of study. The leaders of student government think this is an exaggeration. They take a random sample of 81 students. Seventy-three of them had accepted a job just before graduation. You have been asked to determine whether the student survey provides sufficient evidence that fewer than 95 percent of graduating seniors have accepted jobs prior to graduating.
What test statistic should you use?
Step 2. Select the Level of Significance, α
You have decided to use a 5% significance level.
Step 3. State the null hypothesis (H0) and alternate hypothesis (H1)
H0:
H1:
Step 4. Compose the Decision Rule
Step 5. Calculate the Value of the Test Statistic, p-value, Effect Size, and Power
Step 6: Decide and Report
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