ast year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year ndicates that 33% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 50 business owners. a. How many business owners In the survey planned to provide a holiday gift to their employees this year? Round your answer to the nearest whole number. b. Suppose the business owners in the sample do as they plan. Conduct a hypothesis test that can be used to determine whether the proportion of business owners providing holiday gifts had decreased from last year. State the hypotheses. Ho : pSelect your answer- v0.41 Hp-Select your answer - 0.41 Compute the test statistic and p-value. -value (to 2 decimals) p-value (to 4 decimals) c. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Select your answer- v He. We Select your answer - v conclude that the proportion of business owners providing gifts has decreased from last year to this year. What is the smallest level of significance for which you could draw such a conclusion? (to 4 decimals)

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Last year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year
Indicates that 33% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of
50 business owners.
a. How many business owners In the survey planned to provide a holiday gift to their employees this year? Round your answer
to the nearest whole number.
b. Suppose the business owners in the sample do as they plan. Conduct a hypothesis test that can be used to determine
whether the proportion of business owners providing holiday gifts had decreased from last year.
State the hypotheses.
Họ :p-Select your answer-
0.41
H.P
Select your answer-
J0.41
Compute the test statistic and p-value.
z-value
(to 2 decimals)
p-value
(to 4 decimals)
c. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased?
- Select your answer- v Ho. We - Select your answer - v conclude that the proportion of business owners providing gifts has
decreased from last year to this year.
What is the smallest level of significance for which you could draw such a conclusion?
(to 4 decimals)
Transcribed Image Text:Last year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year Indicates that 33% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 50 business owners. a. How many business owners In the survey planned to provide a holiday gift to their employees this year? Round your answer to the nearest whole number. b. Suppose the business owners in the sample do as they plan. Conduct a hypothesis test that can be used to determine whether the proportion of business owners providing holiday gifts had decreased from last year. State the hypotheses. Họ :p-Select your answer- 0.41 H.P Select your answer- J0.41 Compute the test statistic and p-value. z-value (to 2 decimals) p-value (to 4 decimals) c. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? - Select your answer- v Ho. We - Select your answer - v conclude that the proportion of business owners providing gifts has decreased from last year to this year. What is the smallest level of significance for which you could draw such a conclusion? (to 4 decimals)
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