Last year, 54% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 40% plan to provide a holiday gift to their employees. Suppose the sur results are based on a sample of 60 business owners. (a) How many business owners in the survey plan to provide a holiday gift to their employees this year? business owners (b) Suppose the business owners in the sample did as they plan. Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decr from last year. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. What is the smallest level of significance for which you could draw such a conclusion? (Round your answer to four decimal places.)
Last year, 54% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 40% plan to provide a holiday gift to their employees. Suppose the sur results are based on a sample of 60 business owners. (a) How many business owners in the survey plan to provide a holiday gift to their employees this year? business owners (b) Suppose the business owners in the sample did as they plan. Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decr from last year. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. What is the smallest level of significance for which you could draw such a conclusion? (Round your answer to four decimal places.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt