eBook Video The manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the mean sales volume is 30 automobiles per month. The manager wants to conduct a research study to see whether the new bonus plan increases sales volume. To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for a one-month period. a. Which form of the null and alternative hypotheses most appropriate for this situation. H 0: is Selectgreater than or equal to 30 greater than 30 less than or equal to 30 less than 30 equal to 30 not equal to 30 Item 1 H a: is Selectgreater than or equal to 30 greater than 30 less than or equal to 30 less than 30 equal to 30 not equal to 30 Item 2 b. Comment on the conclusion when H 0 cannot be rejected. SelectNo evidence that the new plan increases sales.The research hypothesis μ > 30 is supported; the new plan increases sales.Item 3 c. Comment on the conclusion when H 0 can be rejected
Question Workspace
- Check My Work (1 remaining)
The manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the mean sales volume is 30 automobiles per month. The manager wants to conduct a research study to see whether the new bonus plan increases sales volume. To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for a one-month period. a. Which form of the null and alternative hypotheses most appropriate for this situation. H 0: is Selectgreater than or equal to 30 greater than 30 less than or equal to 30 less than 30 equal to 30 not equal to 30 Item 1 b. Comment on the conclusion when H 0 cannot be rejected. SelectNo evidence that the new plan increases sales.The research hypothesis μ > 30 is supported; the new plan increases sales.Item 3 c. Comment on the conclusion when H 0 can be rejected |
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
