Last year, 45% of business owners gave a holiday gift to theiremployees. A survey of business owners conducted this yearindicates that 35% plan to provide a holiday gift to theiremployees. Suppose the survey results are based on a sample of 80business owners.

(A) How many business owners in the survey plan to provide aholiday 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 usedto determine if the proportion of business owners providing holidaygifts has decreased from last year.

Find the value of the test statistic. (Round your answer to twodecimal places.)

Find the p-value. (Round your answer to four decimalplaces.)

p-value =

(C) Using a 0.05 level of significance, would you conclude thatthe proportion of business owners providing gifts decreased?

Reject H₀. There is sufficient evidence toconclude that the proportion of business owners providing holidaygifts has decreased from last year.

Do not reject H₀. There is sufficientevidence to conclude that the proportion of business ownersproviding holiday gifts has decreased from last year.

Reject H₀. There is insufficient evidence toconclude that the proportion of business owners providing holidaygifts has decreased from last year.

Do not reject H₀. There is insufficientevidence to conclude that the proportion of business ownersproviding holiday gifts has decreased from last year.

(E) What is the smallest level of significance for which youcould draw such a conclusion? (Round your answer to four decimalplaces.)