A sales manager ranks 10 people at the end of their training on the basis of their

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A sales manager ranks 10 people at the end of their training on the basis of their sales potential. A year later, the number of units sold by each person is determined. The following data and MegaStat output are obtained. Note that the manager's ranking of l is "best."
A sales manager ranks 10 people at the end of
A sales manager ranks 10 people at the end of

a. Find rs on the Excel add-in (MegaStat) output and use Table 18.13 to find the critical value for testing H0: p, = 0 versus Hα: ps ‰  0 at the .05 level of significance. Do we reject H0?
b. The MegaStat output gives approximate critical values for a = .05 and a = .01. Do these approximate critical values, which are based on the t distribution, differ by much from the exact critical values in Table 18.13 (recall that n = 10)?

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Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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