Final answer:
The compound proposition for the given statements "It is snowing" (p) and "Class is cancelled" (q) is: "If it is snowing, then class is cancelled."
Step-by-step explanation:
The compound proposition for the given statements "It is snowing" (p) and "Class is cancelled" (q) is: If it is snowing, then class is cancelled. This sentence represents the logical relationship between the two propositions. It states that if it is snowing, then the class will be cancelled.