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In January a bonus plan was introduced as an incentive to the sales team. Using = .01, determine whether the bonus plan has increased sales
In January a bonus plan was introduced as an incentive to the sales team. Using = .01, determine whether the bonus plan has increased sales significantly. The standard derivations are 6.6 after the bonus and 6.8 before the bonus {Note: you need the "variance"}. Assume the population of differences is normally distributed. (NOTE: Data below may be copied into Excel)
Monthly Sales |
After Bonus | Before Bonus |
94 | 87 |
82 | 84 |
92 | 84 |
76 | 70 |
85 | 75 |
86 | 76 |
a)State Hypothesis
b)State test statistic
c)state P value
d)state conclusion
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