Paired t test for furniture stores data
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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, 5 salespeople were selected at random, and their weekly incomes before and after were recorded.
Salesperson Before After
Sid Mahone $320 $340
Carol Quick 290 285
Tom Jackson 421 475
Andy Jones 510 510
Jean Sloan 210 210
Was there a significant increase in the typical salesperson's weekly income due to the innovative incentive plan? Use the .05 significance level.
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Solution Summary
Paired t test for furniture stores data. The solution also include Null Hypothesis, Alternative Hypothesis, Significance Level, Critical Value & P value.
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