Hint(s) Check My Work Last year, 40% of business owners gave a holiday gift to their employees. A survey of business own

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Hint S Check My Work Last Year 40 Of Business Owners Gave A Holiday Gift To Their Employees A Survey Of Business Own 1 (59.48 KiB) Viewed 108 times

Hint(s) Check My Work Last year, 40% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 34% planned to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 55 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. 19 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. H: 2 0.40 H, :p 0.40 Compute the test statistic and p-value. z-value - 1.01 X (to 2 decimals) X p-value (to 4 decimals) c. Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased? V Do not reject V H. 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? (to 4 decimals)