You are a manager for a team of employees that uses a computer system as part of the process for completing a sale for a customer. You are investigating if it is worthwhile to make the switch to a new platform to increase monthly sales. You have 17 of your sales representatives use the new system, and 15 of your sales representatives use the old system. The sales representatives who received the new system had a mean monthly individual sales of $30,497, with a sample standard deviation of $3,846. The sales representatives who did not receive the new system had mean monthly individual sales of $28,647, with a sample standard deviation of $2,614. Using this information, you want create a 99% confidence for Hold system. What is the lower limit of your confidence Unew system interval?
You are a manager for a team of employees that uses a computer system as part of the process for completing a sale for a customer. You are investigating if it is worthwhile to make the switch to a new platform to increase monthly sales. You have 17 of your sales representatives use the new system, and 15 of your sales representatives use the old system. The sales representatives who received the new system had a mean monthly individual sales of $30,497, with a sample standard deviation of $3,846. The sales representatives who did not receive the new system had mean monthly individual sales of $28,647, with a sample standard deviation of $2,614. Using this information, you want create a 99% confidence for Hold system. What is the lower limit of your confidence Unew system interval?
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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![O5032
O-5032
O-1927
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1216](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc8084e0e-ff04-4ae8-ba19-f863d28088fa%2F73d3fad3-8aea-4e1a-bc2b-3dd5ba18b319%2Fwh4wfpc_processed.png&w=3840&q=75)
Transcribed Image Text:O5032
O-5032
O-1927
O-1332
1216
![You are a manager for a team of employees that uses a computer system as part
of the process for completing a sale for a customer. You are investigating if it is
worthwhile to make the switch to a new platform to increase monthly sales.
You have 17 of your sales representatives use the new system, and 15 of your
sales representatives use the old system. The sales representatives who
received the new system had a mean monthly individual sales of $30,497, with
a sample standard deviation of $3,846. The sales representatives who did not
receive the new system had mean monthly individual sales of $28,647, with a
sample standard deviation of $2,614.
Using this information, you want create a 99% confidence for
new system Hold system. What is the lower limit of your confidence
interval?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc8084e0e-ff04-4ae8-ba19-f863d28088fa%2F73d3fad3-8aea-4e1a-bc2b-3dd5ba18b319%2Fd3g06kd_processed.png&w=3840&q=75)
Transcribed Image Text:You are a manager for a team of employees that uses a computer system as part
of the process for completing a sale for a customer. You are investigating if it is
worthwhile to make the switch to a new platform to increase monthly sales.
You have 17 of your sales representatives use the new system, and 15 of your
sales representatives use the old system. The sales representatives who
received the new system had a mean monthly individual sales of $30,497, with
a sample standard deviation of $3,846. The sales representatives who did not
receive the new system had mean monthly individual sales of $28,647, with a
sample standard deviation of $2,614.
Using this information, you want create a 99% confidence for
new system Hold system. What is the lower limit of your confidence
interval?
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