Last year, 43% of business owners gave a holiday gift to their empioyees. A survey of business owners conducted this year indicates that 30% 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 18 b. Suppose the business owners in the sample do as they plan. Conduct a hypothesis test that can be used to determine whether the proportion of business owners providing holiday gifts had decreased from last year State the hypotheses. 0.43 H. P Select your answer 0.43 Compute the test statistic and p-value. -valueI (to 2 decimals) (to 4 decimals) p-value C. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Select your anawer Ho. We Select your anewer conclude that the proportion of business owners providing gifts has decreased from last year to this year. What is the smallest level of significance for which you could draw such a conciusion? (to 4 decimals)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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O Last year, 43% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 30% 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.
18
b. Suppose the business owners in the sample do as they plan. Conduct a hypothesis test that can be used to determine whether the proportion of business
owners providing holiday gifts had decreased from last year.
State the hypotheses.
Hạ : p>
0.43
H.P
-Select your answer
0.43
Compute the test statistic and p-value.
-value
(to 2 decimals)
(to 4 decimals)
pvalue
C. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased?
Select your anewer Ho. We
Select your answer conclude that the proportion of business owners providing gifts has decreased from last year to
this year.
What is the smallest level of significance for which you could draw such a conciusion?
(to 4 decimals)
Transcribed Image Text:O Last year, 43% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 30% 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. 18 b. Suppose the business owners in the sample do as they plan. Conduct a hypothesis test that can be used to determine whether the proportion of business owners providing holiday gifts had decreased from last year. State the hypotheses. Hạ : p> 0.43 H.P -Select your answer 0.43 Compute the test statistic and p-value. -value (to 2 decimals) (to 4 decimals) pvalue C. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Select your anewer Ho. We Select your answer conclude that the proportion of business owners providing gifts has decreased from last year to this year. What is the smallest level of significance for which you could draw such a conciusion? (to 4 decimals)
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