Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

23 The budget director at Nexus Accounting was horrified to learn that the average daily expenses of sales people was $140. Since then, he's been

23

The budget director at Nexus Accounting was horrified to learn that the average daily expenses of sales people was $140. Since then, he's been encouraging them to "be more mindful". A sample was taken and the resultsare below.Use = .05. What is the p-value that would be used to determine if the expenses have decreased?

expenses($) expenses ($)
125
102 Mean 129.571
129 Median 129
143 Mode #N/A
149 Standard Deviation 15.915
120 Sample Variance 253.286
139 Range 47
Minimum 102
Maximum 149
Sum 907
Count 7

What is the p-value that would be used to determine if the sales have decreased?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Calculus

Authors: Carla C Morris, Robert M Stark

1st Edition

ISBN: 1119015367, 9781119015369

More Books

Students also viewed these Mathematics questions

Question

discuss different sources of numerical data;

Answered: 1 week ago

Question

design and evaluate an effective survey instrument;

Answered: 1 week ago

Question

administer a survey to an appropriate sample of respondents;

Answered: 1 week ago