Compute the test statistic and p-value. See picture Last year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicatesthat 32% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 55 businessowners.a. How many business owners in the survey planned to provide a holiday gift to their employees this year? Round your answer to thenearest whole number.18b. Suppose the business owners in the sample do as they plan. Conduct a hypothesis test that can be used to determine whether theproportion of business owners providing holiday gifts had decreased from last year.State the hypotheses.Ho P0.41H :p<0.41Compute the test statistic and p-value.z-value(to 2 decimals)p-value(to 4 decimals)c. Using a 0.01 level of significance, would you conclude that the proportion of business owners providing gifts decreased?Do not rejectHo. We cannotv conclude that the proportion of business owners providing gifts hasdecreased from last year to this year.What is the smallest level of significance for which you could draw such a conclusion?(to 4 decimals)Check My Work (2 remaining)

Name: Compute the test statistic and p-value. See picture Last year, 41% of
Uploaded: 2024-03-20T07:07:00.000Z
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Description: Compute the test statistic and p-value. See picture Last year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicatesthat 32% planned to provide a holiday gift to their employees. Supp