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Develop the appropriate null and alternative hypotheses

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Reference no: EM13243323

Carpetland salespersons average $8000 per week in sales. Steve Contois, the firm's vice president, proposes a compensation plan with new selling incentives. Steve hopes that the results of trial selling period will enable him to conclude that the compensation plan.

a.- Develop the appropriate null and alternative hypotheses.

b.- What is the Type I error in this situation? What are the consequences of making this error?

c.- What is the Type II error in this situation? What are the consequences of making this error?

Reference no: EM13243323

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