The management of Discount Furniture, a chain of discount furniture stores in the Northeast, designed an incentive
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The management of Discount Furniture, a chain of discount furniture stores in the Northeast, designed an incentive plan for salespeople. To evaluate this innovative plan, 12 salespeople were selected at random, and their weekly incomes before and after the plan were recorded.
Was there a significant increase in the typical salesperson’s weekly income due to the innovative incentive plan? Use the .05 significance level.
a. State the null and alternate hypotheses.
b. What is the p-value?
c. Is the null hypothesis rejected?
d. What is the conclusion indicated by the analysis?
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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