Suppose that the Seadoo of Canada company standard for customer satisfaction is 95% “highly satisfied.”

Company managers recently completed a customer survey of 700 customers from around the world. The responses to the question “What is your overall level of satisfaction with Seadoo?” are provided in the file called Seadoo.

a. State the appropriate null and alternative hypotheses to be tested.

b. Using an alpha level of 0.05, conduct the hypothesis test and discuss the conclusions.