Last school year, in the school of Business Administration, 30% were Accounting majors, 24% Management majors, 26% Marketing majors, and 20% Economics majors. A sample of 300 students taken from this year's students of the school showed the following number of students in each major: Accounting 83 Management 68 Marketing 85 Economics 64 Total 300 Has there been any significant change in the number of students in each major between the last school year and this school year?

There has been no significant change in the number of students in each major between the last school year and this school year.

Step-by-step explanation:

A Chi-square test for goodness of fit will be used in this case.

The hypothesis can be defined as:

H₀: There has been no change in the number of students.

Hₐ: There has been a significant change in the number of students.

The test statistic is given as follows:

Here,

= Observed frequencies

= Expected frequency.

The chi-square test statistic value is, 1.662.

The degrees of freedom is:

df = 4 - 1 = 4 - 1 = 3

Compute the p-value as follows:

*Use a Chi-square table.

The  p-value is 0.645.

The p-value of the test is very large for all the commonly used significance level. The null hypothesis will not be rejected.

Thus, it can be concluded that the there has been no significant change in the number of students in each major between the last school year and this school year.