Question

Carpetland salespersons average $8000 per week in sales. The firm's VP proposes a compensation plan with...

Carpetland salespersons average $8000 per week in sales. The firm's VP proposes a compensation plan with new selling incentives. She hopes that the results of a trial selling period will enable her to conclude that the compensation plan increases the average sales per person. The appropriate hypothesis are. H0: u less than or equal to 8000, Ha > 8000.  

What is the type 1 error in this situation? What are the consequences of making this error?

What is the type 2 error in this situation? What are the consequences of making this error?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1.Carpetland carpet installers incur an average cost of $300 for each carpet installed. Joan Chin, the...
1.Carpetland carpet installers incur an average cost of $300 for each carpet installed. Joan Chin, the firm’s vice president, proposes a new procedure for installations, which she hopes will be more efficient. Joan plans to run a trial and hopes that the results of a trial period will enable her to conclude with a level of significance of 0.05 that the new procedure reduces the average cost to install a carpet.   If Joan's hypothesis test results in a Type I...
Suppose U.S. consumers 21 years and older consumed 26.4 gallons of beer and cider per person...
Suppose U.S. consumers 21 years and older consumed 26.4 gallons of beer and cider per person during 2017. A distributor in Milwaukee believes that beer and cider consumption are higher in that city. A sample of consumers 21 years and older in Milwaukee will be taken, and the sample mean 2017 beer and cider consumption will be used to test the following null and alternative hypotheses: H0: μ ≤ 26.4 Ha: μ > 26.4 (a) Assume the sample data led...
2. Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an...
2. Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. To determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. They found that the average daily sales were $6,300 per day. From past history, the restaurant knew that its population standard deviation is about $1,000. If the level of significance is 0.05, have sales increased as a result of the advertising...
1. In the past, the average guest check at a local restaurant was $19.35 After the...
1. In the past, the average guest check at a local restaurant was $19.35 After the menu has been redesigned, a random sample of 20 guest checks was taken, the sample mean was $17.85 with the sample standard deviation of $3.88. Assume that the guest check amounts are approximately normally distributed. Is this enough evidence to believe that the average guest check has decreased? Use A. )A=0.10 Hypotheses: B.)Test Statistic: C.)Analyze data (assuming H0 is true): D.)State a Conclusion: 2....
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation....
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation. case:    W17400 APIGEE: PEOPLE MANAGEMENT PRACTICES AND THE CHALLENGE OF GROWTH Ranjeet Nambudiri, S. Ramnarayan, and Catherine Xavier wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events that took place at Enron and how the situation could have been dealt with differently to prevent further damage? THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies,...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT