A company employing a new sales-plus-commission compensation plan for its sales personnel wants to compare the annual sa
Posted: Mon Jul 11, 2022 11:41 am
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.
Show all work and explain.
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.
Show all work and explain.