P-value and significance level

Assignment Help Basic Statistics
Reference no: EM13113183

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.

Sid: before $320, after $340

Carol: before $290, after $285

Tom: before $421, after $475

Andy: before $510, after $510

Jean: before $210, after $210

Jack: before $402, after $560

Peg: before $625, after $631

Anita: before $560, after $560

John: before $360, after $365

Carl: before $431, after $431

A.S.: before $506, after $525

Fern: before $505, after $619

Was there a significant increase in the typical salesperson's weekly income due to the innovative incentive plan? Use the .05 significance level. Estimate the p-value, and interpret it.

Reference no: EM13113183

Questions Cloud

Question on confidence interval and hypothesis testing : Captopril is a drug designed to lower systolic blood pressure. When subjects were tested with this drug, their systolic blood pressure readings (in mm of mercury) were measured before and after the drug were taken, with the results given in the ta..
Illustrate what is jay best defence against this accusation : Illustrate what is Jay's best defence against this accusation? Later, a resolution comes before the Nino board to compete with ABC Corporation. Jay is a director and shareholder of ABC. Illustrate what is Jay's responsibility in this situation?
Find the probability that all the people have blue eyes : What is the probability that they all have blue eyes? Would it be unusual to randomly select four people and find that they all have blue eyes? Why or why not?
This would be a breach of which kind of warranty : The seller tells her that brand X paint will do the trick. Buyer purchases brand X paint and paints her stucco wall but three weeks later the paint peels off. This would be a breach of which kind of warranty?
P-value and significance level : 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
Determine the amount of heat : Determine the amount of heat given off when 1.26 x 104 g of NO2 are produced express your answer (in kJ)?
Caculate expected value of profit made by insurance company : Caculate the expected value of the profit made by the insurance company. Many call this kind of situation a win win opportunity for the insurance company and the promoter. Do you agree? Explain.
Description of population means : Fairfield homes is developing two parcels near Pigeon Fork, Tenn. In order to test different advertising approaches, they use different media to reach potential buyers.
Determine the partial pressure of oxygen o2 : Determine the partial pressure of oxygen O2 If the total pres- sure =80 torr, the partial pressure of CO=330 torr and the CO2 has a partial pressure = 330 torr?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Relationship from sample information

At the .01 significance level, is there a relationship between job pressure and age?

  Determining rejection point

What is the rejection point at α = .01 and indicate if you would accept or reject H o ?

  Confidence interval for the population mean

Based on this sample information, develop a 90 percent confidence interval for the population mean yearly premium.

  Hypothesis testing - dozenol

The nighttime cold medicine Dozenol bears the label indicating the presence of 600 mg of acetaminophen in each fluid ounce of drug.

  Create research question arising from organizational dilemma

Recognize and examine the research question which applies to your organization. Create a 350- to 700-word milestone. Select the organization with which your team is familiar.

  Treatment conditions-total number of participants

Research reports an F=ratio with df=3.36 from independent-measures research study. How many treatment conditions were reported in the study what was the total number of participants?

  Anova problem for difference in price

A consumer organization wants to know whether there is a difference in the price of a particular toy at three different types of stores.The price of the toy was checked in a sample of five discount stores, five variety stores, and five department ..

  Emperical rule and chebyshev rule

I never understood the concept of the Empirical Rule and Chebyshev's Rule. Can you explain it to me and provide me with some sample problems please?

  Important concepts of methodology

Identify and briefly discuss two important concepts ( Prediction and Regression/ Correlation or Regression) applicable to analytical methodology.

  Confidence interval limits of mean age

If the confidence interval limits do not include age below 20 does it mean that motor cyclists under the age of 20 rarely die in crashes?

  Population proportion preferring milwaukee best

Of the 250 students in a blind taste test, 150 (60%) preferred Milwaukee's Best over Natural Light. Then the 90% confidence interval for the student population proportion preferring Milwaukee's Best is:

  Population of waiting times and normal distribution

Construct a 95% confidence interval estimate for the average waiting time of all the patients who visit this doctor. Assume the population of waiting times is normally distributed.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd