Last year, 40% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 32% 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.

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.

Ho : P ___________ .40	- Select your answer -<>=
Ha : P _____________ .40	- Select your answer -<>=

Compute the test statistic and p-value.

z-value	(to 2 decimals)
p-value	(to 4 decimals)

c. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased?

What is the smallest level of significance for which you could draw such a conclusion? (to 4 decimals)