Question 3: Prabjot Kaur-359, has just begun her new job as Manager on the sales force of a very competitive company. In a sample of 16 sales calls it was found that she closed the contract for an average value of 108 dollars with a standard deviation of 12dollars. Test at 5% significance that the population mean is at least 100 dollars against the alternative that it is less than 100 dollars. Company policy requires that new members of the sales force must exceed an average of $100 per contract during the trial employment period. (Marks 9)a) Formulate the hypothesesb) Calculate the test statisticsc) Can we conclude that Prabjot has met this requirement at the significance level of 95%?
Question 3: Prabjot Kaur-359, has just begun her new job as Manager on the sales force of a very competitive company. In a sample of 16 sales calls it was found that she closed the contract for an average value of 108 dollars with a standard deviation of 12dollars. Test at 5% significance that the population mean is at least 100 dollars against the alternative that it is less than 100 dollars. Company policy requires that new members of the sales force must exceed an average of $100 per contract during the trial employment period. (Marks 9)a) Formulate the hypothesesb) Calculate the test statisticsc) Can we conclude that Prabjot has met this requirement at the significance level of 95%?
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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Question 3: Prabjot Kaur-359, has just begun her new job as Manager on the sales force of a
very competitive company. In a sample of 16 sales calls it was found that she closed
the contract for an average value of 108 dollars with a standard deviation of
12dollars. Test at 5% significance that the population mean is at least 100
dollars against the alternative that it is less than 100 dollars. Company policy
requires that new members of the sales force must exceed an average of $100
per contract during the trial employment period. (Marks 9)
a) Formulate the hypotheses
b) Calculate the test statistics
c) Can we conclude that Prabjot has met this requirement at the significance level of 95%?
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