MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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

Expert Solution
Check Mark
Step 1

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...

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