Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a sales pitch TriCon, a strategic marketing company, claims they have been able to increase the sales of their previous clients by any average

In a sales pitch TriCon, a strategic marketing company, claims they have been able to increase the sales of their previous clients by any average of 3%.A sample of quarterly sales reports of other companies before and after hiring TriCon is provided below(also available for download hereSales.xlsx).Given BEFORE= 2.67 and AFTER= 3.48,at a 5% level of significance can you conclude that, for othercompanies, hiring TriCon has lead to a growth in sales?YOU CAN ASSUME THE POPULATION TO BE NORMALLY DISTRIBUTED.

Quarterly sales (in millions)Before TriCon PlanAfter TriCon Plan5.97.595.126.254.598.634.727.334.517.067.28.756.336.65.337.355.648.186.726.066.777.617.866.026.718.225.328.646.048.345.457.875.486.425.776.284.458.696.38.045.067.957.247.746.236.327.49

a) Properly state the mathematical hypotheses:(1 mark)

b) p-value:(3 marks)

c) Conclusion:(2 mark)(YOU MUST EXPLAIN YOUR ANSWER MATHEMATICALLY FOR THE MARK)

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

Oscillations In Nonlinear Systems

Authors: Jack K Hale

1st Edition

0486803260, 9780486803265

More Books

Students also viewed these Mathematics questions

Question

What role do hormone levels play in mood?

Answered: 1 week ago

Question

6 What is the balanced scorecard method?

Answered: 1 week ago