Homework Help is Here – Start Your Trial Now!
Math
Statistics
You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% 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? business owners (b) Suppose the business owners in the sample did 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. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of last year. ii siness owners providing holiday gifts has decreased from O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% 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? business owners (b) Suppose the business owners in the sample did 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. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of last year. ii siness owners providing holiday gifts has decreased from O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
See similar textbooks
icon
Related questions
Question
100%
Q You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% 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? business owners (b) Suppose the business owners in the sample did 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. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Si O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. Do not raiart H Thoro ic incufficient evidence to conclude that the proportion of hucinoce ownare providing holiday gifte hac 74°F Sunny 01 la 40) 2:43 PM 4/12/2023
Transcribed Image Text:Q You may need to use the appropriate appendix table or technology to answer this question. Last year, 50% 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? business owners (b) Suppose the business owners in the sample did 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. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Si O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. Do not raiart H Thoro ic incufficient evidence to conclude that the proportion of hucinoce ownare providing holiday gifte hac 74°F Sunny 01 la 40) 2:43 PM 4/12/2023
Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. What is the smallest level of significance for which you could draw such a conclusion? (Round your answer to four decimal places.) 4
Transcribed Image Text:Find the p-value. (Round your answer to four decimal places.) p-value = (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? Reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. O Do not reject Ho. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year. What is the smallest level of significance for which you could draw such a conclusion? (Round your answer to four decimal places.) 4
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
SEE MORE TEXTBOOKS