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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbca57f61-fd5a-4072-9793-b4eb9190fd8e%2Fb38416c8-05a0-479e-a0f0-640584fddf65%2Fz2pf299_processed.png&w=3840&q=75)
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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