1. In a random sample of 361 owners of small businesses that had gone into bankruptcy, 105 reported conducting no marketing studies prior to opening the business. Test the hypothesis that at most 25% of all members of this population conducted no marketing studies before opening their businesses. Use a = 0.05.
2. In a random sample of 998 adults in the United States, 17.3% of the sample members indicated some measure of disagreement with this statement: Globalization is more than an economic trade system—instead it includes institutions and culture. Test at the 5% level the hypothesis that at least 25% of all U.S. adults would disagree with this statement.
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