Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Last year, 4 6 % of business owners gave a holiday gift to their employees. A survey of business owners indicated that 2 5 %
Last year, of business owners gave a holiday gift to their employees. A survey of business owners indicated that plan to provide a holiday gift to their employees. Suppose the survey results are based on a sample of business owners.
a How many business owners in the survey plan to provide a holiday gift to their employees? owners providing holiday gifts has decreased from last year. If required, round your answer to four decimal places. If your answer is zero, enter Do not round your intermediate calculations.
c Using a level of significance, would you conclude that the proportion of business owners providing gifts has decreased?
We the null hypothesis. We conclude that the proportion of business owners providing gifts has decreased.
What is the smallest level of significance for which you could draw such a conclusion? If required, round your answer to four decimal places. If your answer is zero, enter Do not round your intermediate calculations.
The smallest level of significance for which we could draw this conclusion is ; because value is the corresponding a we the null hypothesis.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started