Last year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% planned to provide a holiday gift to their employees. Suppose the survey results are bas a sample of 50 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. He : p> 0.41 H, :p< Compute the test statistic and p-value. 0.41 z-value -0.86 O (to 2 decimals) P-value 0.1949 O (to 4 decimals) E. Using a 0.02 level of significance, would you condlude that the proportion of business owners providing gifts decreased? De not reject yO He. We cannot condude 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 conclusion? 0.1949 (to 4 decimals)

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 2E: Pet Owners According to the Humane Society, in 2015, 65% of U.S. households owned at least one pet,...
icon
Related questions
icon
Concept explainers
Question
emaining)
Last year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% planned to provide a holiday gift to their employees. Suppose the survey results are based on
a sample of 50 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.
Но : P>
0.41
0.41
Compute the test statistic and p-value.
z-value
-0.86
(to 2 decimals)
p-value 0.1949
(to 4 decimals)
c. Using a 0.02 level of significance, would you conclude that the proportion of business owners providing gifts decreased?
Do not reject
Họ. We cannot
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 conclusion?
0.1949
(to 4 decimals)
Transcribed Image Text:emaining) Last year, 41% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 50 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. Но : P> 0.41 0.41 Compute the test statistic and p-value. z-value -0.86 (to 2 decimals) p-value 0.1949 (to 4 decimals) c. Using a 0.02 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Do not reject Họ. We cannot 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 conclusion? 0.1949 (to 4 decimals)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Points, Lines and Planes
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.
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning