A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 20% plan to provide a holiday gift to their employees. 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 used to determine if the proportion of business owners
providing holiday gifts has decreased from last year. If required, round your answer to four decimal places. If your answer is zero, enter "0". Do not round your intermediate
calculations.
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Transcribed Image Text:Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 20% plan to provide a holiday gift to their employees. 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 used to determine if the proportion of business owners providing holiday gifts has decreased from last year. If required, round your answer to four decimal places. If your answer is zero, enter "0". Do not round your intermediate calculations.
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