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Sales at an electronics store average $25,000 per week. The company is considering implementing a new incentive program to sales associates to improve sales. Use
- Sales at an electronics store average $25,000 per week. The company is considering implementing a new incentive program to sales associates to improve sales. Use this information to answer the followingquestions.
- Specify the appropriate null and alternativehypotheses:
Ho:
Ha:
- Conceptually, what is the Type I error for this particular problem? What are the consequences of making thiserror?
- Conceptually, what is the Type IIerror for this particular problem? What are the consequences of making thiserror?
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