The manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the mean sales volume is 14 automobiles per month. The manager wants to conduct a research study to see whether the new bonus plan increases sales volume. To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for a one-month period. (a) Develop the null and alternative hypotheses most appropriate for this situation. o Ho: u > 14 H: us 14 O Ho: u = 14 H:u + 14 O Ho: u< 14 Hiuz 14 O Ho: us 14 Hiu > 14 o Ho: u2 14 HgiH< 14 (b) Comment on the conclusion when H. cannot be rejected. O we can conclude that there is statistical evidence that the new bonus plan increases the mean monthly sales volume. O we can conclude that there is not statistical evidence that the new bonus plan increases the mean monthly sales volume. (c) Comment on the conclusion when H. can be rejected. O we can conclude that there is statistical evidence that the new bonus plan increases the mean monthly sales volume. O we can conclude that there is not statistical evidence that the new bonus plan increases the mean monthly sales volume.
The manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the mean sales volume is 14 automobiles per month. The manager wants to conduct a research study to see whether the new bonus plan increases sales volume. To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for a one-month period. (a) Develop the null and alternative hypotheses most appropriate for this situation. o Ho: u > 14 H: us 14 O Ho: u = 14 H:u + 14 O Ho: u< 14 Hiuz 14 O Ho: us 14 Hiu > 14 o Ho: u2 14 HgiH< 14 (b) Comment on the conclusion when H. cannot be rejected. O we can conclude that there is statistical evidence that the new bonus plan increases the mean monthly sales volume. O we can conclude that there is not statistical evidence that the new bonus plan increases the mean monthly sales volume. (c) Comment on the conclusion when H. can be rejected. O we can conclude that there is statistical evidence that the new bonus plan increases the mean monthly sales volume. O we can conclude that there is not statistical evidence that the new bonus plan increases the mean monthly sales volume.
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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