Assignment Score: 0.00% ent: Chapter 9 Assignment Save Submit Assignment for Grading Question 4 of 10 Exercise 09.40 Algo (Population Proportion) Hint(s) Check My Work Last year, 48% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 42% planned 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 planned to provide a holiday gift to their employees this year? Round your answer to the nearest whole number. 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. Ho : p - Select your answer 0.48 He : p - Select your answer - v 0.48 Compute the test statistic and p-value, Z-value (to 2 decimals) p-value (to 4 decimals) c. Using a 0.01 level of significance, would you conclude that the proportion of business owners providing gifts decreased? A - Select your answer - |40. We - Select your answer - v 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) 2:26 AM