The sales force for a large international company currently sells, on the average, $15,000 per salesperson each month. A sales manager has come up with a new sales incentive plan that she believes will increase the monthly sales for each salesperson. To test her new sales incentive plan she takes a Simple Random Sample (SRS) of 35 sales people, trains them in her new sales plan, and records each salesperson's monthly total sales for the next month. She will use this data to run the hypothesis test: H subscript O colon space mu less or equal than 15000 H subscript A colon space mu greater than 15000 If the data yielded a Test Statistic (TS) equal to 2.032 (with the appropriate dfs, IF this TS is a T-number), then calculate the PValue (PV) for this TS. Enter your answer rounded off to the third decimal place, if necessary
The sales force for a large international company currently sells, on the average, $15,000 per salesperson each month. A sales manager has come up with a new sales incentive plan that she believes will increase the monthly sales for each salesperson. To test her new sales incentive plan she takes a Simple Random Sample (SRS) of 35 sales people, trains them in her new sales plan, and records each salesperson's monthly total sales for the next month. She will use this data to run the hypothesis test:
H subscript O colon space mu less or equal than 15000
H subscript A colon space mu greater than 15000
If the data yielded a Test Statistic (TS) equal to 2.032 (with the appropriate dfs, IF this TS is a T-number), then calculate the PValue (PV) for this TS. Enter your answer rounded off to the third decimal place, if necessary.
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