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A new sales training program has been instituted at a rent-to-own company. Prior to the training, 10 employees were tested on their knowledge of products offered by the company. Once the training was completed, the employees were tested again in an effort to determine whether the training program was effective. Scores are known to be normally distributed. The sample scores on the tests are listed next. Use pre-test score as µ1 for population 1 and post-test score as µ2 for population 2, or µD as the difference calculated as pre-test score minus post-test score. Which of the following is the correct conclusion for the test at α = 0.05?
Standard Error
The standard deviation of a sampling distribution indicating how much sample means differ from the actual population mean.
Point Estimate
A single value or statistic that serves as the best guess or most likely value for a population parameter based on sample data.
Population Mean
The average value of all individuals in a population.
Margin of Error
A measure of the accuracy of a poll or survey, reflecting the extent to which the results could differ from the true population value.
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