The Sales Manager of a Large Multinational Corporation Is Concerned

question 64

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:

Famous People

Individuals who have gained widespread recognition and public attention through their achievements, talent, or notable roles in society.

Prestige Suggestion

A sales tactic where the seller implies that using or purchasing their product or service will enhance the buyer's status or reputation.

Neonatal Incubator

A medical device used to maintain environmental conditions suitable for a newborn baby, especially those born prematurely or with illnesses.

Direct Suggestion

A straightforward recommendation or instruction given to influence the thoughts or actions of others.