A New Sales Training Program Has Been Instituted at a Rent-To-Own

question 51

Multiple Choice

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 µ_D 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?

• A) Given the critical value 1.645, we conclude that training increases scores on average.
• B) Given the critical value 2.015, we conclude that training increases scores on average.
• C) Given the critical value −2.015, we conclude that training increases scores on average.
• D) Given the critical value −1.645, we conclude that training increases scores on average.

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Definitions:

Lower Prices

A market condition where goods or services are offered for sale at reduced costs, often due to surplus supply, decreased demand, or competitive strategies.

Barriers to Entry

Obstacles that make it difficult to enter a certain market or industry, which may include high startup costs, strict regulations, or strong competitor presence.

Differentiating

The process of distinguishing a product or service from others in the market to attract a specific segment of customers.

Barrier to Entry

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.