A consulting group recently conducted a global survey of

Last updated: 6/12/2023

A consulting group recently conducted a global survey of product teams with the goal of better understanding the dynamics of product team performance and uncovering the practices that make these teams successful One of the survey findings was that 32 of organizations have a coherent business strategy that they stick to and effectively communicate Suppose another study is conducted to check the validity of this result with the goal of proving that the percentage is less than 32 Complete parts a and b below a State the null and research hypotheses Identify the null and alternative hypotheses A Ho 0 32 H 0 32 B Hot 0 32 H n 0 32 C Ho x 0 32 H 0 32 OD Ho 0 32 H 0 32 b A sample of 100 organizations is selected and results indicate that 29 organizations have a coherent business strategy that they stick to and effectively communicate Use the p value approach to determine at the 0 05 level of significance whether there is evidence that the percentage is less than 32 Calculate the test statistic The test statistic ZSTAT is al Round to be decimal places as needed