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. A) How many business owners in the survey plan to provide a holiday gift to their employees? B) Suppose the business owners in the sample do as 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.
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.
A) How many business owners in the survey plan to provide a holiday gift to their employees?
B) Suppose the business owners in the sample do as 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.
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?
Use excel Please
Given that
Sample size (n)=60
Sample proportion=35% =0.35
Population proportion=46%=0.46
We have to find
a..How many business owners in the survey plan to provide a holiday gift to their employees..
b.. compute p value
c..At 0.05 level of significance we have to conclude...
Step by step
Solved in 3 steps with 2 images
