Need; Hypotheses: Test statistic and value: P-value: and Conclusion: A) Past sales records indicate that sometimes there...

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Statistics

Need; Hypotheses: Test statistic and value: P-value: andConclusion:
A) Past sales records indicate that sometimes there is a largedifference between the selling prices that different sales reps areable to negotiate for robots. As sales manager, you decide torandomly select four sales over the past year for each of yourthree sales reps and observe the actual selling price of therobots. The following table shows the amounts at which the robotssold in thousands of dollars. Based on these data, can you concludethat there is a difference between the mean selling prices forthese three salespeople at a level of significance of 0.05? Assumethat the three population distributions are approximately normalwith equal population variances.
Selling Prices of Robots (in thousands of dollars)
Salesperson 1
Salesperson 2
Salesperson 3
10
11
11
14
16
13
13
14
12
12
15
15

Answer & Explanation Solved by verified expert

3.9 Ratings (580 Votes)

Here Hypothesis areH0 There is no signfiicant diference in mean sellingprices for three salespeople Ha There is at least one population mean sellingprice for a salesperson is different See Answer

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Selling Prices of Robots (in thousands of dollars)
Salesperson 1	Salesperson 2	Salesperson 3
10	11	11
14	16	13
13	14	12
12	15	15