Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% 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 this year? b. Suppose the business owners in the sample did as they Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts had decreased from last year. c. Using a .05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? what is the smallest level of significance for which you could draw such a conclusion?

Question

Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% 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 this year?

b. Suppose the business owners in the sample did as they Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts had decreased from last year.

c. Using a .05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? what is the smallest level of significance for which you could draw such a conclusion?

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Hypothesis Testing

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