Carpetland salespersons average $8,000 per week in sales

Carpetland salespersons average $8,000 per week in sales.

Don't use plagiarized sources. Get Your Custom Essay on
Carpetland salespersons average $8,000 per week in sales
Just from $13/Page
Order Essay

Steve Contois, the firm’s vice president, proposes a compensation

plan with new selling incentives. Steve hopes that the results of a

trial selling period will enable him to conclude that the compensation

plan increases the average sales per salesperson.

 

A.Develop the appropriate null and alternative hypotheses.

B.What is the Type I error in this situation? What are the consequences

of making this error?

C.What is the Type II error in this situation? What are the consequences

of making this error?

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>Individuals filing federal income tax returns prior to March 31 received an average

 

refund of $1,056. Consider population of “last minute” filers who mail their tax return

during the last five days of the income tax period (typically April 10 to 15).

 

A.A researcher suggests that a reason individuals wait until the last five days is that on average

these individuals receive lower refunds than do early filers. Develop appropriate hypotheses

such that rejection of H(o) will support the researcher’s contention.

B.For a sample of 400 individuals who filed a tax return between April 10-15, the sample

mean refund was $910. Based on prior experience, a population standard deviation of

o = $1,600 may be assumed. What is the p-value?

C.At a = .05, what is your conclusion?

 

D.Repeat the preceding hypothesis test using the critical value approach.

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>Commercial real estate prices and rental reates suffered substantial declines

 

in the past year (Newsweek article July 2009). These declines were particularly

severe in Asia; annual lease rates in Tokyo, Hong Kong, and Singapore declined

by 40% or more. Even with such large declines, annual lease rates in Asia were

still higher than in many cities in Europe and the United States. Annual lease

rates for a sample of 30 commercial properties in Hong Kong showed an average

of $1,114 per square meter with a standard deviation of $230. Annual lease rates

for a sample of 40 commercial properties in Paris showed an average lease rate of

$989 per square meter with a standard deviation of $195.

 

A.On the basis of the sample results, can we conclude that the mean annual lease rate

is higher in Hong Kong than in Paris? Develop appropriate null and alternative hypotheses.

 

B.Use a = .01. What is your conclusion? Are rental rates higher in Hong Kong than in Paris?

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>Airline travelers often choose which airport to fly from based on flight cost.

 

Cost data (in dollars) for a sample of flights to eight cities from Dayton, Ohio

and Louisville, Kentucky were collected to help determine which of the two

airports was more costly to fly from (2006 study). A researcher argued that it is

significantly more costly to fly out of Dayton than Louisville. Use the sample data to

see whether they support the researcher’s argument. Use a = .05 as the level of significance

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>The above data give the percentage of women working in five companies

 

in the retail and trade industry. The percentage of management jobs held

by women in each company is also shown.

 

A.Develop a scatter diagram for these data with the percentage of women working

in the company as the independant variable.

B.What does the scatter diagram developed in part (a) indicate about the relationship

between the two variables?

C.Try to approximate the relationship between the percentage of women working

in the company and the percentage of management jobs held by women in that company.

D.Develop the estimated regression of equation by computing the values of B(o) and B(v).

E.Predict the percentage of management jobs held by women in a company that has

 

60% women employees.

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>The estimated regression equation for these data is? = 7.6 + .9x.

 

What percentage of the total sum of squares can be accounted

for by the estimated regression equation? What is the value of the

 

sample correlation coefficient?

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>A.Develop a scatter diagram with weight as the independent variable.

 

B.Does there appear to be any relationship between these two variables?

C.Develop the estimated regression equation that could be used to predict

the price given the weight.

D.Test for the significance of the relationship at the .05 level of significance.

 

E.Did the estimated regression equation provide a good fit? Explain.

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>The following 2 X 3 contingency table contains observed frequencies for a sample

 

of 200. Test for independence of the row and column variables using the x (2) test

 

with a = .05.

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>The Goodman Tire and Rubber Company periodically tests its tires for tread wear under

 

simulated road conditions. To study and control the manufacturing process, 20 samples,

each containing three radial tires, were chosen from different shifts over several days of

operation, with the following results. Assuming that these data were collected when the

 

manufacturing process was believed to be operating in control, develop the R and ? charts.

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>An automotive industry supplier produces pistons for several models of automobiles.

 

Twenty samples, each consisting of 200 pistons, were selected when the process was

known to be operating correctly. The numbers of defective pistons found in the samples

 

follow.

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”>A quality control process monitors the weight per carton of laundry detergent.

 

Control limits are set at UCL = 20.12 ounces and LCL = 19.90 ounces. Samples of size 5 are used for the

sampling and inspection process. What are the process mean and process standard

 

<pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=”” style=”font-family: Verdana, arial, sans-serif; line-height: normal;”><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””><pstyle=”language:en-us;margin-top:0pt;margin-bottom:0pt;margin-left:0in; text-indent:0in”=””>

deviation for the manufacturing operation?

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.