Explore BrainMass

Explore BrainMass

    P-Value

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The management of Discount Furniture, a chain of discount furniture stores in the Northeast,
    designed an incentive plan for salespeople. To evaluate this innovative plan, 12 salespeople were
    selected at random, and their weekly incomes before and after the plan were recorded.

    Sales Person Before After

    Sid Mahone $320 $340
    Carol Quick 290 285
    Tom Jackson 421 475
    Andy Jones 510 510
    Jean Slaon 210 210
    Jack Walker 402 500
    Peg Mancuso 625 631
    Anita Loma 560 560
    John Cuso 360 365
    Carl Utz 431 431
    A.S. Kushner 506 525
    Fem Lawton 505 619

    Was there a significant increase in the typical salesperson's weekly income due to the
    innovative incentive plan? Use the .05 significance level. Estimate the p-value, and
    interpret it.

    © BrainMass Inc. brainmass.com December 24, 2021, 4:54 pm ad1c9bdddf
    https://brainmass.com/statistics/hypothesis-testing/p-value-14458

    Solution Summary

    The management of Discount Furniture, a chain of discount furniture stores in the Northeast,
    designed an incentive plan for salespeople. To evaluate this innovative plan, 12 salespeople were
    selected at random, and their weekly incomes before and after the plan were recorded.

    Sales Person Before After

    Sid Mahone $320 $340
    Carol Quick 290 285
    Tom Jackson 421 475
    Andy Jones 510 510
    Jean Slaon 210 210
    Jack Walker 402 500
    Peg Mancuso 625 631
    Anita Loma 560 560
    John Cuso 360 365
    Carl Utz 431 431
    A.S. Kushner 506 525
    Fem Lawton 505 619

    Was there a significant increase in the typical salesperson's weekly income due to the
    innovative incentive plan? Use the .05 significance level. Estimate the p-value, and
    interpret it.

    $2.49

    ADVERTISEMENT