The value of a college degree is greater than it has
been in nearly half a century, a least when compared to the
prospect of not getting a degree (www.pewresearch.org, January 28,
2014). Due to this fact, more and more people are obtaining college
degrees, despite the soaring costs. The accompanying table shows
the proportions of college degrees awarded in 2010 by colleges and
universities, categorized by a graduate's race and
ethnicity.
The race and ethnicity of 500 recent graduates are
recorded and shown in the last column of the
table.
Race/Ethnicity
2010 Proportions
Recent Numbers
White
0.73
350
Black
0.10
50
Hispanic
0.09
60
Asian
0.08
40
At the 5% significance level, test if the proportions have
changed since 2010.