The Sales Manager of a Large Multinational Corporation Is Concerned

question 7

Essay

The sales manager of a large multinational corporation is concerned that some salespersons perform very well and others quite poorly.To help analyze the problem he draws a random sample of 20 salespersons, determines their commission incomes (in thousands of dollars), and calculates the following statistics: = $37.2, and s = $7.8.Do these statistics provide sufficient evidence at the 5% significance level to conclude that the population variance exceeds $35 million²?

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Definitions:

Core Business Partners

Key organizations or individuals that a company collaborates with closely to conduct its primary business activities.

Personal Communication

Personal communication refers to direct interaction between individuals, whether in person, via phone, email, or other means.

External-operational Communication

Refers to communication exchanges between a company and external entities, focusing on operational activities and partnerships.

Formal Network

A Formal Network is an organized structure in a company or institution where connections and communications are governed by official rules, roles, and procedures.