Question in 200846 of business owners gave a holiday gill, Ask an Expert

Management Studies

Question: In 2008.46% of business owners gave a holiday gill to their employees. A 2009 survey of business owner sindicated that 35% plan to provide a holiday gift to theiremployees1Radio WEZV. Mynk Beach. South Carolina. November 11. 1009). Suppose the survey results are based on a sample of 60 business owners.

a. How many business owners in the malty 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 provider holiday gifts has decreased from the 2008 level.

c. Using a .05 level of significance, would you conclude that the proportion of business owners providing gifts has decreased? What is the smallest level of significance for which you could draw such a conclusion?

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