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Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 40% 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? 24 (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. (c) Using a 0.05 level of significance, would you conclude that the proportion business owners providing gifts has decreased? We reject ✓the null hypothesis. We - Select your answer What is the smallest level of significance for which you could draw such a conclusion? The smallest level of significance for which we could draw this conclusion is conclude that the proportion of business owners providing gifts has decreased. If required, round your answer to four decimal places. If your answer is zero, enter "0". Do not round your intermediate calculations. ; because p-value is - Select your answer the corresponding a, we - Select your answer the null hypothesis.

Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 40% 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? 24 (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. (c) Using a 0.05 level of significance, would you conclude that the proportion business owners providing gifts has decreased? We reject ✓the null hypothesis. We - Select your answer What is the smallest level of significance for which you could draw such a conclusion? The smallest level of significance for which we could draw this conclusion is conclude that the proportion of business owners providing gifts has decreased. If required, round your answer to four decimal places. If your answer is zero, enter "0". Do not round your intermediate calculations. ; because p-value is - Select your answer the corresponding a, we - Select your answer the null hypothesis.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 24CT: Show the sample space of the experiment: toss a fair coin three times.
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Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 40% 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? 24 (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. (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts has decreased? We reject ✓the null hypothesis. We - Select your answer - ✓ conclude that the proportion of business owners providing gifts has decreased. What is the smallest level of significance for which you could draw such a conclusion? If required, round your answer to four decimal places. If your answer is zero, enter "0". Do not round your intermediate calculations. The smallest level of significance for which we could draw this conclusion is ; because p-value is - Select your answer - the corresponding a, we - Select your answer - the null hypothesis.
Transcribed Image Text:Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 40% 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? 24 (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. (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts has decreased? We reject ✓the null hypothesis. We - Select your answer - ✓ conclude that the proportion of business owners providing gifts has decreased. What is the smallest level of significance for which you could draw such a conclusion? If required, round your answer to four decimal places. If your answer is zero, enter "0". Do not round your intermediate calculations. The smallest level of significance for which we could draw this conclusion is ; because p-value is - Select your answer - the corresponding a, we - Select your answer - the null hypothesis.
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