Question
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.
- Formulate the null hypothesis and the appropriate alternative hypothesis for this research.
- Comments on the conclusion when H0cannot be rejected.
- 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.
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