Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are looking for a way to incentivize the sales reps that you are in charge of You design an incentive plan as a way

image text in transcribed
image text in transcribed
You are looking for a way to incentivize the sales reps that you are in charge of You design an incentive plan as a way to help increase in their sales. To evaluate this innovative plan, you take a random sample of your reps, and their weekly incomes before and after the plan were recorded. You calculate the difference in income as (after incentive plan - before incentive plan). You perform a paired samples t-test with the following hypotheses: Null Hypothesis: MD 2 0, Alternative Hypothesis: HD O. You calculate a p-value of 0.0261. What is the appropriate conclusion of your test? The average difference in weekly income is significantly different from 0. There is a significant difference in weekly income due to the incentive plan. We did not find enough evidence to say there was a significantly negative average difference in weekly income. The incentive plan does not appear to have been effective. The average difference in weekly income is significantly larger than 0. The average weekly income was higher after the incentive plan. The average difference in weekly income is greater than or equal to 0. The average difference in weekly income is significantly less than 0. The average weekly income was higher before the incentive plan

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

Managerial Accounting

Authors: Crosson

9th Edition

B00650WABQ

More Books

Students also viewed these Accounting questions

Question

yeditepe cse

Answered: 1 week ago

Question

1. Explain the 2nd world war. 2. Who is the father of history?

Answered: 1 week ago