Problem #4: The manager at a clothing store would like to compare the sales of two employees, Employee A and Employee B. The daily sales (in $) for the two employees are recorded for random sample of days and some summary statistics are below: Problem #4(a): 72 A 10 B 12 1523 413 1242 240 We assume that the daily sales of each employee is normally distributed and they share a common variance. (a) What is the estimate of the common variance of their daily sales? (b) What is the critical value if we wish to conduct a test at 1% level of significance to determine if there is a difference in their true mean daily sales? (c) What is the p-value of the test? answer correct to 2 decimals Problem #4(b): answer correct to 3 decimals Problem #4(c): answer correct to 4 decimals

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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Problem #4: The manager at a clothing store would like to compare the sales of two employees, Employee A and Employee B.
The daily sales (in $) for the two employees are recorded for random sample of days and some summary statistics
are below:
Problem #4(a):
72
A 10
B 12
1523
413
1242
240
We assume that the daily sales of each employee is normally distributed and they share a common variance.
(a) What is the estimate of the common variance of their daily sales?
(b) What is the critical value if we wish to conduct a test at 1% level of significance to determine if there is a
difference in their true mean daily sales?
(c) What is the p-value of the test?
answer correct to 2 decimals
Problem #4(b):
answer correct to 3 decimals
Problem #4(c):
answer correct to 4 decimals
Transcribed Image Text:Problem #4: The manager at a clothing store would like to compare the sales of two employees, Employee A and Employee B. The daily sales (in $) for the two employees are recorded for random sample of days and some summary statistics are below: Problem #4(a): 72 A 10 B 12 1523 413 1242 240 We assume that the daily sales of each employee is normally distributed and they share a common variance. (a) What is the estimate of the common variance of their daily sales? (b) What is the critical value if we wish to conduct a test at 1% level of significance to determine if there is a difference in their true mean daily sales? (c) What is the p-value of the test? answer correct to 2 decimals Problem #4(b): answer correct to 3 decimals Problem #4(c): answer correct to 4 decimals
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