Members of a sales force were randomly assigned to two management groups. Each group employed a different technique for motivating and supporting the sales team. Let’s label these groups A and B, and...


Members of a sales force were randomly assigned to two management groups. Each group employed a different technique for motivating and supporting the sales team. Let’s label these groups A and B, and let
 denote the mean weekly sales generated by members of the two groups. The 95% confidence interval for
 was found to be [$500, $2,200].


(a) If profits are 40% of sales, what’s the 95% confidence interval for the difference in profits generated by the two methods?


(b) Assuming the usual conditions, should we conclude that the approach taken by Group A sells more than that taken by Group B, or can we dismiss the observed difference as due to chance?


(c) The manager responsible for Group B complained that his group had been assigned the “poor performers” and that the results were not his fault. How would you respond?



May 04, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here