Full Hypothesis Test Examples · Example 2
Jasmine has just begun her new job on the sales force of a very competitive company. In a sample of 16 sales calls it was found that she closed the contract for an average value of 108 dollars with a standard deviation of 12 dollars. Company policy requires that new members of the sales force must exceed an average of $100 per contract during the trial employment period. Can we conclude that Jasmine has met this requirement at the confidence level of 95%?
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OpenStax, Introductory Business Statistics 2e · §9.4 Full Hypothesis Test Examples · Example 2
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