1. A company employing a new sales-plus-commission compensation plan for its sales personnel wants to compare the annual
Posted: Mon Jul 11, 2022 11:41 am
1. A company employing a new sales-plus-commission compensationplan for itssales personnel wants to compare the annual salary expectations ofits femaleand male sales personnel under the new plan. A random sample of 25femaleand 25 male representatives were asked to forecast their annualincomes underthe new plan. Summary of the data is as follows:Mean St Dev. Sample SizeFemale 3.11 2.31 25Male 2.97 2.56 25(a) Can you conclude that mean expected annual income is differentfor femaleand male sales representatives? Use α = 0.05.(b) Find also the p-value.