Construct the appropriate hypothesis and perform the appropriate test with α set to .05.
Construct the appropriate hypothesis and perform the appropriate test with α set to .05.
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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- Your company wants to improve sales. Past sales data indicate that the average profit per sale was $100. After training your sales force, recent sales data (taken from a sample of 25 merchants) indicates an average profit per sale of $130, with a standard deviation of $15. Did the training improve performance?
- Construct the appropriate hypothesis and perform the appropriate test with α set to .05.
- Compute the effect size
- Construct and interpret the 95% confidence interval around the sample mean
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