Doncouse_Jeremy_Week7

Doncouse_Jeremy_Week7 - Jeremy Doncouse MGMT313 Problems 1,...

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Unformatted text preview: Jeremy Doncouse MGMT313 Problems 1, 2, 3, 4, 7, 8, 9, 11, 15, 17, 19, 23, 25, 27, 29, 35, 39, 41, 45, 49, 51, 53 1 The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill for a weekend is $600 or less. A member of the hotel's accounting staff noticed that the total charges for guest bills have been increasing in recent months. The accountant will use a sample of weekend guest bills to test the manager's claim. a. Which form of the hypotheses should be used to test the manager's claim? Explain. This is so because the manager is hypothesizing that the bill is < $600 which means the null That would mean there is not enough evidence to reject the idea that the mean bill is less than $600. This means there is enough evidence to support that the mean bill is less than the $600. Business perspective. When coming up with ideas, or hypothesis, it is a good to know if your idea has merit or not. In this case knowing the terminology and being able to apply it to everyday situations allows one to create educated hypothesis and test them appropriate. 2 The manager of an automobile dealership is considering a new bonus plan desinged to increase sales volume. Currently, the mean sales volume is 14 units per month. The manager wants to conduct a research study to see whether the new bonus plan increases sales volume. To collect data on the plan, a sample of sales personnel will be allowed to sell under the new bonus plan for one month. a. Develop the null and alternative hypotheses most appropriate for this research situation. the mean sales will be no more than 14 per month. that the new program will average more than 14 units per month. Business perspective. In this case hypothesis testing can be used to determine the feasability of a new bonus structure at a car dealership. Obviously, the goal is to motivate employees to sell as many cars as possible. So, instead of just trying new plans, new plans can be implemented and tested to determine how significant hypothesis is $600. b. What conclusion is appropriate when H cannot be rejected? c. What conclusion is appropriate when H can be rejected? b. Comment on the conclusion when H cannot be rejected. When H cannot be rejected there is not enough evidence to reject the idea that c. Comment on the conclusion when H can be rejected....
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This note was uploaded on 03/08/2011 for the course MGMT 313 taught by Professor N/a during the Spring '10 term at Mountain State.

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Doncouse_Jeremy_Week7 - Jeremy Doncouse MGMT313 Problems 1,...

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