A company attempts to evaluate the potential for a new bonus plan and decides to use the bonus plan for a trial period. The weekly sales volume achieved by a sample of 4 salespersons before and after...


A company attempts to evaluate the potential for a new bonus plan and decides to use the bonus plan for a trial period. The weekly sales volume achieved by a sample of 4 salespersons before and after implementing the bonus plan is shown below. (For the following matched samples, let the difference d = After – Before; let population men Before = μ1, population mean After = μ2)



            Weekly Sales (in units)


Salesperson     Before         After


        1                   48              44


        2                   48              40


        3                   38              36


        4                   44              50


Assume the population of differences is normally distributed.


Useα = 0.05 and test to see if the bonus plan will result in anincrease in the mean weekly sales for the company. What is your conclusion?



Jun 07, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here