Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Formulating null and alternative hypotheses 1. The manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the

Formulating null and alternative hypotheses

1.The manager of an automobile dealership is considering a new bonus plan designed to increase sales volume. Currently, the mean sales volume is 14 automobiles per month. The manager wants to conduct a research study to see whether the new bonus plan increases sales volume. To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for a one-month period.

  1. Formulate the null hypothesis and the appropriate alternative hypothesis for this research.
  2. Comments on the conclusion when H0cannot be rejected.
  3. Comment on the conclusion when H0can be rejected.

2. Because of high production-changeover time and costs, a manager of a manufacturing firm must convince the owner that a proposed manufacturing method reduces costs before the new method can be implemented. The current production method operates with a mean cost of Php2,200.00 per hour. A research study will measure the cost of the new method over a sample production period. a. Formulate the null hypothesis and the appropriate alternative hypothesis for this research. b. Comments on the conclusion when H0cannot be rejected. c. Comment on the conclusion when H0can be rejected.

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_2

Step: 3

blur-text-image_3

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

Numerical Analysis

Authors: Richard L. Burden, J. Douglas Faires

9th edition

538733519, 978-1133169338, 1133169333, 978-0538733519

More Books

Students also viewed these Mathematics questions

Question

What is Tax Planning?

Answered: 1 week ago