Mathematics, 07.04.2020 02:30 jaymoney0531
Carpetland salespersons average $8,000 per week in sales. Steve Contois, the firm's vice president, proposes a compensation plan with new selling incentives. Steve hopes that the results of a trial selling period will enable him to conclude that the compensation plan increases the average sales per salesperson.
(a) Develop the appropriate null and alternative hypotheses.
Complete parts (b) and (c):
(b) In this situation, a Type I error would occur if it was concluded that the new compensation plan provides a population mean weekly sales when in fact it does not.
(c) In this situation, a Type II error would occur if it was concluded that the new compensation plan provides a population mean weekly sales when in fact it does not.
Answers: 3
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Carpetland salespersons average $8,000 per week in sales. Steve Contois, the firm's vice president,...
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