The Sales Manager of a Large Multinational Corporation Is Concerned

question 30

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:

International Allocation

The process of distributing resources or assets among different countries or international players based on specific criteria or needs.

Technological Advances

Improvements or innovations in technology that increase productivity, efficiency, or bring new products and services to the market.

Incomes

Earnings accrued, especially periodically, from labor or investment gains.