A consulting group recently conducted a global survey of product teams with the

Question

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. H_0: pi lessthanorequalto 0.32; H_1: pi > 0.32 B. H_0: pi lessthanorequalto 0.32; H_1: pi

Explanation / Answer

a)option B is correct

b)jere phat =64/200=0.32

as phat=p

hence z stat =0.000

p value =0.5

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