1. A company is testing how different compensation plans might affect a salespersons performance. The company...

1. A company is testing how different compensation plans might affect a salespersons performance. The company takes a sample of 100 sales representatives and puts 50 on compensation plan “A” and the other 50 on compensation plan “B”. They do this for one quarter (3 months) and look at the total sales in dollars for each salesperson at the end of the quarter. How can we tell if there is a statistically significant difference between the two compensation plans.

2. A health club is interested in how the supplements they sell affect weight loss in their clients. Currently the health club is selling three different weight loss supplements (Supplement “X”, Supplement “Y” and Supplement “Z”). Theclub takes a sample of 60 clients and gives a month’s supply of “X” to 20, “Y” to 20 and “Z” to 20. They weigh each member of the sample when they are given the supplement and then again at the end of the month so they can determine total weight loss over the month period. How do we tell if there is any difference between the three supplements with regard to weight loss?

please help me

Solutions

Expert Solution

milcah answered 8 months ago

Next > < Previous

Related Solutions

How might genetic testing be beneficial for prenatal testing?

Considering that stock compensation plans show how the key aspect of stock option compensation is for...

Considering that stock compensation plans show how the key aspect of stock option compensation is for a company to institute a long-term compensation plan in addition to the traditional short-term cash compensation plan. What are some of the typical performance measures that a company would use to determine the level of stock options to award their employees?

Respond to the following statement: Compensation does not affect a company’s performance. Do you agree or...

Respond to the following statement: Compensation does not affect a company’s performance. Do you agree or disagree? What is the rationale for your perspective?

1) a) How might plant adaptations affect the evolution of herbivores? b) How might the adaptations...

1) a) How might plant adaptations affect the evolution of herbivores? b) How might the adaptations of herbivores affect plant evolution?

Aligning Performance Appraisals and Compensation Plans During the past few weeks, we have learned that there...

Aligning Performance Appraisals and Compensation Plans During the past few weeks, we have learned that there are various methods of conducting employee performance appraisals (e.g., trait, behavioral, ranking, MBO, etc.). Your task for this assignment is to pick one of those methods, explain it, and discuss how it could be effectively used to impact employee compensation. Your response should consider the potential impact the performance evaluation method could have on at least three different organizational stakeholder groups. Also, your assignment...

A clinical psychologist was interested in how different parenting styles might affect the incidence of neurosis...

A clinical psychologist was interested in how different parenting styles might affect the incidence of neurosis in adults. Based on observations of her own clients over many years, she hypothesized that unstructured and lax child rearing environments were more likely to result in adult neurosis than well structured and disciplined child rearing. She created a 20-item questionnaire that asked subjects about their own childhood experiences and also their neurotic tendencies. She obtained a small government grant to cover the costs of administering the...

"Compensation and Lending Decisions" Please respond to the following: DQ #1 Compare and contrast compensation plans,...

"Compensation and Lending Decisions" Please respond to the following: DQ #1 Compare and contrast compensation plans, such as restricted stock and stock appreciation rights, indicating the key differences with the accounting treatment. Determine the option that would have the least impact on a company's earnings. Recommend the choice that is the most advantageous to an employee. Support your position with examples. DQ #2 Given the current regulatory environment for financial institutions, analyzing financial statement information is an important process and...

Designing and Administering Compensation Plans; Supervision of Salesmen; Standards and Performance; Motivating Sales Personnel; Sales Meetings...

Designing and Administering Compensation Plans; Supervision of Salesmen; Standards and Performance; Motivating Sales Personnel; Sales Meetings and Sales contests.

How can production managers use hypothesis testing to evaluate different theories and their impacts business performance?

(4) Performance-Based Share Option Compensation Plan On January 1, 2016, Pierce Company establishes a performance-based share...

(4) Performance-Based Share Option Compensation Plan On January 1, 2016, Pierce Company establishes a performance-based share option plan for its 80 top executives. The terms of the plan are that each executive is granted a maximum of 200 options after completing a 3-year service period. The exact number of options granted, however, depends on the percentage increase in sales over the 3-year period. The terms are: (1) if sales increase between 0% and 3%, each executive is granted 90 options;...

Subjects