Question
last year 48% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 38% planned
last year 48% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 38% 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.
H0 : p _> 0.48
Ha : p < 0.48
Compute the test statistic and p-value.
z-value _____________ to 2 decimals
p-value______________ to 4 decimmals
What is the smallest level of significance for which you could draw such a conclusion?
_______________ to 4 decimals
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