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Compute the test statistic and p-value. z-value (to 2 decimals) p-value (to 4 decimals)

Compute the test statistic and p-value. z-value (to 2 decimals) p-value (to 4 decimals)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question

 I just need help finding the z value and p value 

Hint(s) Check My Work Last year, 40% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 34% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 70 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. 24 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. Но : р 0.40 H :p < 0.40 Compute the test statistic and p-value. z-value (to 2 decimals) p-value (to 4 decimals)
Transcribed Image Text:Hint(s) Check My Work Last year, 40% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 34% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 70 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. 24 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. Но : р 0.40 H :p < 0.40 Compute the test statistic and p-value. z-value (to 2 decimals) p-value (to 4 decimals)
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