HomeworkLib
Question

Simon, has just begun her new job as a Manager on the sales force of a...

Simon, has just begun her new job as a Manager on the sales force of a very

reputable company. In a sample of 20 sales calls it was found that she closed the contract

for an average value of 120 dollars with a standard deviation of 16dollars. Test at 5%

significance that the population mean is at least 100 dollars against the alternative that it

is less than 100 dollars. Company policy requires that new members of the sales force

must exceed an average of $100 per contract during the trial employment period.

(Marks 9)

  1. Formulate the hypotheses

  1. Calculate the test statistics

  1. Can we conclude that Simon has met this requirement at the significance level of 95%?
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Simon, has just begun her new job as a Manager on the sales force of a very reputable company. In a simple of 20 sales calls it was found that she close the contract for an average value of 120 dollars with a standard division of 16 dollars.Test at 5% significance that the population mean is at 100 ....

=> Given data :-

0 0
Add a comment
Know the answer?
Add Answer to:
Simon, has just begun her new job as a Manager on the sales force of a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Hypothesis Problems For the following hypothesis tests: a. State the null (Ho) and alternative (Hi) hypotheses b. State the type of test (right-tailed, left-tailed, or two-tailed) c. State the m...

    Hypothesis Problems For the following hypothesis tests: a. State the null (Ho) and alternative (Hi) hypotheses b. State the type of test (right-tailed, left-tailed, or two-tailed) c. State the multiplier for an a (level of significance) of .05. The Chamber of Commerce states that only 15% of Boston tourists stay more than 2 days. A new chamber employee feels that the percentage staying more than 2 days is greater than 15%, and plans to sample a set of tourists to...

  • Question 41 2 pts A software company is developing a new computer game. The manager wants...

    Question 41 2 pts A software company is developing a new computer game. The manager wants to know what effect the frequency at which opponents are released by the computer has on the length of time players survive in the game. A large group of playtesters is available, most of whom already have some experience playing the new game, and each is randomly allocated to play the game with a different opponent release frequency Data was collected for the variables...

  • Read this New York Times article linked on the assignment page and share your thoughts. Failed...

    Read this New York Times article linked on the assignment page and share your thoughts. Failed by Law and Courts, Troops Come Home to Repossessions By JESSICA SILVER-GREENBERG and MICHAEL CORKERY MARCH 16, 2015 Charles Beard, a sergeant in the Army National Guard, says he was on duty in the Iraqi city of Tikrit when men came to his California home to repossess the family car. Unless his wife handed over the keys, she would go to jail, they said....

  • I have added the pictures for decision case 21-1 as per requested in the instructions from...

    I have added the pictures for decision case 21-1 as per requested in the instructions from the textbook....if solved in detail and calculations shown would be really helpful Instructions: 1. Complete the requirements for Decision Case 21-1 on page 1197 of your textbook. Show all calculations and include references for your supporting documentation 2. In addition to the requirements in the textbook (#1-4), please prepare a CVP graph of your results for requirements #1 and #2 using Exhibit 21-8 and...

  • I have posted the decision case 21-1 as instructed in the first picture.... Please show the...

    I have posted the decision case 21-1 as instructed in the first picture.... Please show the calculations for my better understanding and the second part of the question also requires a CVP graph I also need help of how it is suppose to be drawn Instructions: 1. Complete the requirements for Decision Case 21-1 on page 1197 of your textbook. Show all calculations and include references for your supporting documentation In addition to the requirements in the textbook (#1-4), please...

  • Can Technology Save Sears? Sears, Roebuck used to be the largest retailer in the United States, w...

    Can Technology Save Sears? Sears, Roebuck used to be the largest retailer in the United States, with sales representing 1 to 2 percent of the U.S. gross national product for almost 40 years after World War II. Since then, Sears has steadily lost ground to discounters such as Walmart and Target and to competitively priced specialty retailers such as Home Depot and Lowe’s. Even the merger with Kmart in 2005 to create Sears Holding Company failed to stop the downward...

  • Q1 Which of the following are included and which are excluded in calculating this year's GDP....

    Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....

  • Is anyone help me this question? CASE 2-5 Coping with Corruption in Trading with Vietnam Corruption...

    Is anyone help me this question? CASE 2-5 Coping with Corruption in Trading with Vietnam Corruption is a fact of lifie in China. In fact Transparency Interna-fo travel to cash or gifts. (This was especially true when few tional, a German organization that applies its Corruption PerceptionPRC officials had been abroad.) As a result, traders report that Index (CP) globally. rates China with a CPl of 3.6 and is number dangling foreign trips in fromt of their PRC clients has...

  • Write down your analysis of this case on factors like the interests involved, context and power...

    Write down your analysis of this case on factors like the interests involved, context and power PACIFIC OIL COMPANY (A)* "Look, you asked for my advice, and I gave it to you," Frank Kelsey said. "If I were you, I wouldn't make any more concessions! I really don't think you ought to agree to their last demand! But you're the one who has to live with the contract, not me!" Static on the transatlantic telephone connection obscured Jean Fontaine's reply....

  • Write down your analysis of this case on factors like 1. the negotiation process, strategy and...

    Write down your analysis of this case on factors like 1. the negotiation process, strategy and tactics PACIFIC OIL COMPANY (A)* "Look, you asked for my advice, and I gave it to you," Frank Kelsey said. "If I were you, I wouldn't make any more concessions! I really don't think you ought to agree to their last demand! But you're the one who has to live with the contract, not me!" Static on the transatlantic telephone connection obscured Jean Fontaine's...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT