1. A company had its sales persons undergo training, hoping to improve their sales. Past sales data indicate that the average sale was P4,000 per transaction on a normally distributed population. After training, sales data, taken from a random sample of 25 salesmen/salesladies, indicates an average sale of P4,500 with a standard deviation of P150. (a) Write the null hypothesis. (b) Write the alternative hypothesis. (c) Formulate and calculate the test-statistic. Is it a one-tail or two- tailed test? Did the training work at 95% confidence level? (d) Determine the confidence interval.
1. A company had its sales persons undergo training, hoping to improve their sales. Past sales data indicate that the average sale was P4,000 per transaction on a normally distributed population. After training, sales data, taken from a random sample of 25 salesmen/salesladies, indicates an average sale of P4,500 with a standard deviation of P150. (a) Write the null hypothesis. (b) Write the alternative hypothesis. (c) Formulate and calculate the test-statistic. Is it a one-tail or two- tailed test? Did the training work at 95% confidence level? (d) Determine the confidence interval.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 3 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman