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You run a used car dealership and want to know if you are appropriately compensating your sales force, so you collect weekly compensation rates and counts of monthly sales with the intent of comparing them.
1)What is the research question?
2)What are the hypotheses?
3)What are the degrees of freedom for the statistical significance test?
4)What is the critical value for this test?
5)State the formal results of the test.
6)Should you compute a coefficient of determination? How do you know? If so, calculate it.
7)Regress sales on compensation, and report the formula for the regression line here.
8)State all appropriate conclusions.
9)If a salesperson was compensated 450, what would we expect sales to be?
Background Information
Provides context and necessary details for understanding the main content or subject matter.
Extrinsic Motivator
An external reward or incentive, such as money or recognition, that motivates individuals to perform a task.
Getting Promoted
The action of being elevated to a higher rank or position within an organization, typically as recognition for performance or potential.
Appraisal
The process of evaluating the performance, value, or condition of something, often for the purposes of making decisions based on its status.
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