(5.12) A university that is better known for its basketball program than for its academic strength claims that 80% of it’s basketball players get degrees. An investigation examines the fate of all 20 players who entered the program over a period of several years that ended 5 years ago. Of these players, 11 graduated and the remaining 9 are no longer in school. If the university’s claim is true, the number of players who graduate among the 20 studied should have the B(20, 0.8) distribution.
(a) Find the probability that exactly 11 players graduate under these assumptions. (Use software or normal approximation.)
(b) Find the probability that 11 or fewer players graduate. This probability is so small that it casts doubt on the university’s claim.
(5.12) A university that is better known for its basketball program than for its academic strength...
The university registrar claims that fewer than 20 percent of the students who enroll at Ivy University graduate in four years. To test this claim, a random sample of 100 students was selected, and 18 were found to have graduated in four years. Calculate the appropriate test statistic to test the hypotheses.
Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You are the senior accounting faculty member in the business school and your dean, Dean Weller, is asking for help. She is very discouraged after a midyear budget meeting with the Vice President of Finance. The college's Department of Social Work has a large budget deficit, and because of this the VP is inclined towards closing the department entirely or closing its bachelor's program. The...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...