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Your company wants to improve sales. Past sales data indicate that the average sale was $100 per transaction. After training your sales force, recent sales
Your company wants to improve sales. Past sales data indicate that the average sale was $100 per transaction. After training your sales force, recent sales data (taken from a sample of 25 salesmen) indicates an average sale of $130, with a standard deviation of $15. Did the training work? Test your hypothesis at a 5% alpha level. Find p-value.
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Let denote true avg sales H 0 100 H 1 100 To test whether training work...Get Instant Access to Expert-Tailored Solutions
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