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?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
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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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