(b) The team at the Natural-Life company Roes out to the city to sell daly. John is a member of the team, He dlaims that on average, he sells $50,000 worth of their product to each store that he visits per week. The new manager is wary of this daim and believes he may be overstating his sales. To test the claim, the manager took a random sample of 27 stores that the sales representative usually visits weekly and found that the mean amount earned was $48,950 with a standard deviation of $1,250. At the 0.01 level of significance, can it be concluded that john is overestimated his sales? (e. his sales might be less than he claimed)
(b) The team at the Natural-Life company Roes out to the city to sell daly. John is a member of the team, He dlaims that on average, he sells $50,000 worth of their product to each store that he visits per week. The new manager is wary of this daim and believes he may be overstating his sales. To test the claim, the manager took a random sample of 27 stores that the sales representative usually visits weekly and found that the mean amount earned was $48,950 with a standard deviation of $1,250. At the 0.01 level of significance, can it be concluded that john is overestimated his sales? (e. his sales might be less than he claimed)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![(b) The team at the Natural-Uife company goes out to the city to sell daly, Jhn is a member of the team. He daims that
on average, he sells $50,000 worth of their product to each store that he visits per week. The new manager is wary of
this daim and believes he may be overstating his sales. To test the daim, the manager took a random sample of 27
stores that the sales representative usually visits weekly and found that the mean amount earned was $48,950 with a
standard deviation of $1,250.
At the 0.01 level of significance, can it be concluded that john is overestimated his sales? (e. his sales might be less
than he claimed)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F629ed93e-4080-444e-8701-1ffda401e024%2Fab0e21e9-38aa-4668-96bb-29bac625cb23%2F26ftv0v_processed.png&w=3840&q=75)
Transcribed Image Text:(b) The team at the Natural-Uife company goes out to the city to sell daly, Jhn is a member of the team. He daims that
on average, he sells $50,000 worth of their product to each store that he visits per week. The new manager is wary of
this daim and believes he may be overstating his sales. To test the daim, the manager took a random sample of 27
stores that the sales representative usually visits weekly and found that the mean amount earned was $48,950 with a
standard deviation of $1,250.
At the 0.01 level of significance, can it be concluded that john is overestimated his sales? (e. his sales might be less
than he claimed)
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