Homework Help is Here – Start Your Trial Now!
Math
Statistics
Step 1: Test Set-Up Question 1: How large a sample is needed to achieve 80% statistical power? Based on past research Cohen's d effect size is estimated at 0.40, which is a small effect. See the table below:

Step 1: Test Set-Up Question 1: How large a sample is needed to achieve 80% statistical power? Based on past research Cohen's d effect size is estimated at 0.40, which is a small effect. See the table below:

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
Can you please answer number 1 and give reasoning for the answer thank you
 
Exercise 1 Fortitude Insurance sells extended car warranties over the phone. They call people using random dialing. When recipients of the phone call press one on their phone, they are transferred to a sales agent. Sales agents are paid on commission. Management is concerned about the rapid turn-over of sales agents. They have decided to test a more lucrative commission plan. You have been hired to conduct this test. The research question: Does the new commission plan help sales agents increase their weekly sales commission? The significance level will be set at 5%. Step 1: Test Set-Up Question 1: How large a sample is needed to achieve 80% statistical power? Based on past research Cohen's d effect size is estimated at 0.40, which is a small effect. See the table below: Cohen's d ES Thresholds Small 0.2 Medium 0.5 Large 0.8 Here are the results of an a priori power analysis run using G*Power. Output parameters Noncentrality parameter 6 2.5612497 Critical t 1.6838510 Df 40 Total sample size 41 Actual power 0.8085822
Transcribed Image Text:Exercise 1 Fortitude Insurance sells extended car warranties over the phone. They call people using random dialing. When recipients of the phone call press one on their phone, they are transferred to a sales agent. Sales agents are paid on commission. Management is concerned about the rapid turn-over of sales agents. They have decided to test a more lucrative commission plan. You have been hired to conduct this test. The research question: Does the new commission plan help sales agents increase their weekly sales commission? The significance level will be set at 5%. Step 1: Test Set-Up Question 1: How large a sample is needed to achieve 80% statistical power? Based on past research Cohen's d effect size is estimated at 0.40, which is a small effect. See the table below: Cohen's d ES Thresholds Small 0.2 Medium 0.5 Large 0.8 Here are the results of an a priori power analysis run using G*Power. Output parameters Noncentrality parameter 6 2.5612497 Critical t 1.6838510 Df 40 Total sample size 41 Actual power 0.8085822
Here are the results of an a priori power analysis run using G*Power. Output parameters Noncentrality parameter 8 2.5612497 Critical t 1.6838510 Df 40 Total sample size 41 Actual power 0.8085822 Will a sample of 41 sales agents achieve statistical power of 80% or more? Place and X in the appropriation box: Answer: Yes No What would happen to statistical power if the estimate of Cohen's d effect size is wrong?
Transcribed Image Text:Here are the results of an a priori power analysis run using G*Power. Output parameters Noncentrality parameter 8 2.5612497 Critical t 1.6838510 Df 40 Total sample size 41 Actual power 0.8085822 Will a sample of 41 sales agents achieve statistical power of 80% or more? Place and X in the appropriation box: Answer: Yes No What would happen to statistical power if the estimate of Cohen's d effect size is wrong?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS