Question 40
In 2008, 46% of business owners gave a holiday gift to their employees. A 2009 survey of business owners indicated that 35% plan to provide a holiday gift to their employees (Radio, WEZV, Myrtle Beach, South Carolina,) Suppose the survey results are based on a sample of 60 business owners.
Part A
How many business owners in the survey plan to provide a holiday gift to their employees?
Ans.
Part B
Suppose the business owners in the sample do the they plan. Compute the p-value for a hypothesis test that can be sued to determine if the proportion of business owners providing holiday gifts has decreased from the 2008 level.
Part C
Using a 0.05 level of significance, would you 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?
Ans.
Please use the excel function to work on it