Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

The 2013 Australian Graduate Survey found that 71.3% of all Australian resident bachelor degree graduates had found fulltime work within four months of completing their degrees. Now imagine that a researcher carries out a follow-up study by surveying a representative sample of 1,000 recent graduates and finds that 72.1% have found full-time work within four months of completing their degrees.

a. At the 0.01 level of significance, can you state that more than 71.3% of new graduates are finding full-time work within four months of completing their degrees?

b. At the 0.05 level of significance, can you state that the proportion of new graduates who have found full-time work within four months of completion has changed since 2013?

c. What conditions needed to be met in order to answer parts (a) and (b)?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92842480
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Business Economics

Inbspa statistics instructor wants to measure the

I. A statistics instructor wants to measure the effectiveness of his teaching skills in a class of 66 students ( N  = 66).  He selects students by waiting at the door to the classroom prior to his lecture and pulling asi ...

Calculate the size of the surplus or shortage of hours

Calculate the size of the surplus or shortage of hours created by the imposition of the minimum wage ($19) Related info: Assume that the market for unskilled labour in Australia is a competitive market and can be describ ...

A coffee machine dispenses coffee into 8-ounce cups it can

A coffee machine dispenses coffee into 8-ounce cups. It can be regulated so that it discharges an average of μ ounces per cup. Suppose the amount of coffee dispensed is normally distributed with standard deviation .2 oun ...

How to perform a regression for barrels sold vs us pop

How to perform a regression for barrels sold vs. US Pop. Write the estimated regression equation? The barrels sold are the dependent variables while US Pop is the independent variable.

A light bulb manufacturer guarantees that the mean life of

A light bulb manufacturer guarantees that the mean life of a certain type of light bulb is at least 720 hours. A random sample of 51 light bulbs as a mean of 710.3 hours with a standard deviation of 62 hours. At an α=0.0 ...

What type of monopoly is sydney water describe the main

What type of monopoly is Sydney Water? Describe the main characteristics of this monopoly type in general and in relation to Sydney Water.

Normal curve using the znormal chartplease make

Normal Curve (using the Z/Normal Chart) Please make a separate sketch for each question!!. Put all of the information and answers on your pictures (percents inside the curve, z-scores under the curve, mean and raw scores ...

You have conducted a test and have this information p 03

You have conducted a test and have this information: p = .03 and a = .05, what is the probability that you will make a Type 1 error? If you want to decrease the chance of making a Type 1 error what should you change? You ...

1 explain the different elements of property rights provide

1. Explain the different elements of property rights. Provide an example of how the US economy infringes on each. 2. Explain why inequality is considered to be a social "bad" by many people. In what way could inequality ...

The caloric consumption of 44 adults was measured and found

The caloric consumption of 44 adults was measured and found to average 2,113. Assume the population standard deviation is 270 calories per day. Construct confidence intervals to estimate the mean number of calories consu ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As