Actuation Consulting and Enterprise Agility recently con-ducted a global survey of product teams with the goal of better understanding the dynamics of product team performance and un-covering the practices that make these teams successful. One of the survey findings was that 37% 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 percent-age is less than 37%.
a. State the null and research hypotheses.
b. A sample of 100 organizations is selected, and results indicate that 34 organizations have a coherent business strategy that they stick to and effectively communicate. Use either the six- step critical value hypothesis testing approach or the five-step p- value approach to determine at the 0.05 level of significance whether there is evidence that the percentage is less than 37%.