Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 20% plan to provide a holiday gift to their employees. Supposethe survey results are based on a sample of 60 business owners.(a) How many business owners in the survey plan to provide a holiday gift to their employees?(b) Suppose the business owners in the sample do as they plan. Compute the p value for a hypothesis test that can be used to determine if the proportion of business ownersproviding holiday gifts has decreased from last year. If required, round your answer to four decimal places. If your answer is zero, enter "0". Do not round your intermediatecalculations.

We have given information with the usual notation, Population proportion P=0.46, Sample proportion…

Answered: Last year, 46% of business owners gave…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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