You are a manager for a team of employees that uses a computer system as part of the process for completing a sale for a customer. You are investigating if it is worthwhile to make the switch to a new platform to increase monthly sales. You have 17 of your sales representatives use the new system, and 15 of your sales representatives use the old system. The sales representatives who received the new system had a mean monthly individual sales of $30,497, with a sample standard deviation of $3,846. The sales representatives who did not receive the new system had mean monthly individual sales of $28,647, with a sample standard deviation of $2,614. Using this information, you want create a 99% confidence for Hold system. What is the lower limit of your confidence Unew system interval?

You are a manager for a team of employees that uses a computer system as part of the process for completing a sale for a customer. You are investigating if it is worthwhile to make the switch to a new platform to increase monthly sales. You have 17 of your sales representatives use the new system, and 15 of your sales representatives use the old system. The sales representatives who received the new system had a mean monthly individual sales of $30,497, with a sample standard deviation of $3,846. The sales representatives who did not receive the new system had mean monthly individual sales of $28,647, with a sample standard deviation of $2,614. Using this information, you want create a 99% confidence for Hold system. What is the lower limit of your confidence Unew system interval?

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

See similar textbooks