Question
Last year 47 % , of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that
Last year 47 % , of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 36% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 85 business owners.
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.
Compute the test statistic and p-value.
z -value | (to 2 decimals) |
p -value | (to 4 decimals) |
c. Using a level of significance, would you conclude that the proportion of business owners providing gifts decreased?
- Select your answer -Do not rejectRejectItem 6 . We - Select your answer -cancannotItem 7 conclude that the proportion of business owners providing gifts has decreased from last year to this year.
What is the smallest level of significance for which you could draw such a conclusion?
(to decimals)
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