# Last year, 46% of business owners gave a holiday gift to their employees. a survey of business

## 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 plan. 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?

## Step by Step Answer:

**Related Book For**

## Statistics For Business & Economics

**ISBN:** 9781305585317

13th Edition

**Authors:** David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran