Question

In: Statistics and Probability

A company studied two programs for compensating its sales staff. Nine salespeople participated in the study....

A company studied two programs for compensating its sales staff. Nine salespeople participated in the study. In program A, salespeople were paid a higher salary, plus a small commission for each item they sold. In program B, they were paid at lower salary with a larger commission. Following are the amounts sold, in thousands of dollars, for each salesperson on each program. Can you conclude the mean sales differ between the two programs? Use significance level 0.05. (Paired samples).

Salesperson 1 2 3 4 5 6 7 8 9
Program A 55 22 34 22 25 61 55 36 68
Program B 53 24 36 28 31 61 58 38 72

Solutions

Expert Solution

We can conclude that the mean sales differ between the two programs

orchestra answered 2 years ago
Next > < Previous

Related Solutions

A company keeps extensive records on its new salespeople on the premise that sales should be...
A company keeps extensive records on its new salespeople on the premise that sales should be linearly related to experience. A random sample of four new salespeople produced the data on experience and sales shown in the table. Months on Job Monthly Sales ($1000) 2 3 5 4 3 4 8 6 Preliminary calculations are given below. x y x2 y2 xy 2 3 4 9 6 5 4 25 16 20 3 4 9 16 12 8 6 64...
A company keeps extensive records on its new salespeople on the premise that sales should increase...
A company keeps extensive records on its new salespeople on the premise that sales should increase with experience. The months on the job x and monthly sales y from a random sample of seven new salespeople resulted in the regression output shown below. Note that x = 5.8571 Calculate a 95% confidence interval for the mean monthly sales of all employees that have worked at the company for x = 6 months (round to 2 decimal places). lower bound upper...
A company pays its salespeople on a commission basis. The salespeople are paid $200 per week...
A company pays its salespeople on a commission basis. The salespeople are paid $200 per week plus 9% of their gross sales for that week. For example, a salesperson who sells $5000 worth of merchandise in a week is paid $200 plus 9% of $5000, for a weekly pay of $650. Create an application that uses a for loop to input each sales person’s gross sales for the week, and calculates and displays that sales person’s weekly pay. Process one...
Salespeople for a car sales company have an annual sales average of $225,000, with a standard...
Salespeople for a car sales company have an annual sales average of $225,000, with a standard deviation of $18,000. What percentage of the salespeople will make the following sales? Assume the sales follow a normal distribution. A. More than $25,000 B. Less than $190,000 C. Between $200,000 and $240,000
A survey was conducted at two colleges. 500 students at College A participated in the study....
A survey was conducted at two colleges. 500 students at College A participated in the study. The results indicated that on average, the students spent 15 hours per week doing online assignments and its standard deviation was 5 hours. At College B, 400 students participated in the study. The average hours they worked for online assignments was 20 with a standard deviation of 4 hours. Please test whether there is a true difference in the time students spent for online...
First The sales department of a cellular phone company pays its salespeople $1,500 per month plus...
First The sales department of a cellular phone company pays its salespeople $1,500 per month plus 25 percent of each new subscriber’s first month’s billings. A new subscriber’s first-month bill averages $80. Salespeople work 160 hours a month (four weeks at 40 hours per week). If salespeople work more than 160 hours per month, they receive $12 per hour for hours in excess of 160. Sales leads for the sales department are generated in a variety of ways—direct mailings to...
A company pays its salespeople on a commission basis. The salespeople each receive $250 per week...
A company pays its salespeople on a commission basis. The salespeople each receive $250 per week plus 11 percent of their gross sales for the sales period. For example, a salesperson who grosses $5000 in sales in the period receives $250 plus 11 percent of $5000, or a total of $812.21. Write a program (using an array of counters) determines for each salesperson their total sales, their salary and additional data points. There are 12 salesmen for the company. The...
A company pays its five salespeople on a commission basis. The salespeople receive $200 plus 10%...
A company pays its five salespeople on a commission basis. The salespeople receive $200 plus 10% of their sale. For example, for the employee sale of $1000, the commission is $300. Write a C program that: inputs each employee sales. The program then calculates the employee commission, prints out each employee commission. The program calculates the total sum of all commissions paid, and print. Your program will use a sentinel value to exit. You must use a one-dimensional array for...
The Riteway Ad Agency provides cars for its sales staff. In the past, the company has...
The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company’s present fleet of cars is three years old and will be sold very shortly. To provide a replacement fleet, the company is considering two alternatives: Purchase alternative: The company can purchase the cars, as in the past, and sell the cars after three years of...
The Riteway Ad Agency provides cars for its sales staff. In the past, the company has...
The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company’s present fleet of cars is three years old and will be sold very shortly. To provide a replacement fleet, the company is considering two alternatives: Purchase alternative: The company can purchase the cars, as in the past, and sell the cars after three years of...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT