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Last year, 06% of busIness owners gave a hollday girt to their employees
Last year, 06% of busIness owners gave a hollday girt to their employees. A survey of business owners indicated that 35% plan to provide a hollday gift to thelr employees. Suppose the survey resul. are based on a sample of 60 busIness owners.
(n) How rrianY buslness owners in the survey plan provide a holiday gift to Mew employees]
(13) Suppose the business owners in the sample do as they plan. Compute the p. value Mr a hypothesis test Mat can . used to determlne if Me proportion of business owners providing holiday gifts has decreased from last year. If required, round your answer M four decimal places. If your answer is zero, enter .0". Do not round your intermediate calculahons. (c) Using a
0.051646 of significance, would you mnclude that Me proportion of business owners provlding gilts has decreased,
we( - sex. ar...wer - jite..yoetneels. we - selea -z 000000000 prop.. of business
owners provlding glfts has decreased from 2008 to .200..
What is Me smallest level of sIgnifIcance Mr whlch you could diaw such a conclusion, If required, round your answer to four decimal places. If your answer is zero, enter', Do not round your intermediate calculations. The smallest level of significance for which we could draw Mis conclusion is because la-value
- Select your answer -
- select -
he null hypothesis.
Expert Solution
1.)
Business Owners = 60
Holiday gift to their employees = 35%
60*35%
= 21
21 Business owners in the survey plan to provide a holiday gift to their employees
2.)
In this we need to Calculate Z score so to finding it we apply the formula
Z = (0.35-0.46)/ ((0.46*(1-46%)^(1/2))
Z = -1.710
now we use excel to find Z<-1.710
excel formula is =NORMSDIST(-1.710)
Z score = 0.0437
The answer is 0.0437
3.)
Reject
Can
0.0437
Less than
Reject
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