Question

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

survey of business owners indicated that 25% 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?
(b) Suppose the business owners in the sample do 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. If
required, round your answer to four decimal places. If your
enter "0". Do not round your intermediate calculations.

Answer 1

a. 15

b. Since is a left tailed test the p value would be:

p_v =P(Z<-3.263)= 0.000551

Step-by-step explanation:

a. 25% of 60 businesses surveyed=

25/100 x 60= 15

b. See attached image for solution