An insurance company has offices in all 50 states and the District of Columbia. It plans to
Question:
(a) If se = $3,500, then how different must the average sales per agent in one state be from the average sales per agent in another state in order to be statistically significant? Use the Bonferroni approach to adjust for the effect of multiplicity.
(b) If managers of the insurance company believe that average sales per agent in most states are within about $2,000 of each other, is there much point in doing this study?
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Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
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