In 2017, 32% of business owners gave a holiday gift to their employees. A 2018 survey of 33 business owners indicated that 19% plan to provide a holiday gift to their employees. Is there a reason to believe the proportion of business owners providing gifts has decreased at α=0.05? Based on the hypothesis, what is the critical value, the test statistic and the conclusion?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
icon
Related questions
Topic Video
Question

In 2017, 32% of business owners gave a holiday gift to their employees. A 2018 survey of 33 business owners indicated that 19% plan to provide a holiday gift to their employees. Is there a reason to believe the proportion of business owners providing gifts has decreased at α=0.05?

Based on the hypothesis, what is the critical value, the test statistic and the conclusion?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 4 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Proportions
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.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill