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You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% plan to provide a holiday gift to their employees. Suppose the 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 this year? business owners (b) Suppose the business owners in the sample did as they plan. Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decreased from last year. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of last year. ii siness owners providing holiday gifts has decreased from O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% plan to provide a holiday gift to their employees. Suppose the 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 this year? business owners (b) Suppose the business owners in the sample did as they plan. Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decreased from last year. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of last year. ii siness owners providing holiday gifts has decreased from O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

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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Q You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% plan to provide a holiday gift to their employees. Suppose the 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 this year? business owners (b) Suppose the business owners in the sample did as they plan. Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decreased from last year. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Si O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. Do not raiart H Thoro ic incufficient evidence to conclude that the proportion of hucinoce ownare providing holiday gifte hac 74°F Sunny 01 la 40) 2:43 PM 4/12/2023
Transcribed Image Text:Q You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% plan to provide a holiday gift to their employees. Suppose the 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 this year? business owners (b) Suppose the business owners in the sample did as they plan. Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decreased from last year. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Si O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. Do not raiart H Thoro ic incufficient evidence to conclude that the proportion of hucinoce ownare providing holiday gifte hac 74°F Sunny 01 la 40) 2:43 PM 4/12/2023
Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. What is the smallest level of significance for which you could draw such a conclusion? (Round your answer to four decimal places.) 4
Transcribed Image Text:Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. What is the smallest level of significance for which you could draw such a conclusion? (Round your answer to four decimal places.) 4
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