The table below gives the commissions earned last month by a sample of 16 brokers at a major investm
Question: The table below gives the commissions earned last month by a sample of 16 brokers at a major investment firm.
| $2,038 | $1,758 | $1,721 | $1,637 | $2,097 | $2,047 | $2,205 | $1,787 |
| $2,287 | $1,940 | $2,054 | $2,406 | $1,471 | $1,460 | $3,147 | $2,311 |
In advertising for new brokers, management states that their brokers make more than $2000 per month on average in commissions. Test this hypothesis using α = 0.05 and the assumption that the data is normally distributed.
Write a one page executive summary (using the five step hypothesis testing method) on your results. Include any relevant graphs, tables, statistics, computations, formulas, or diagrams that will help you to explain/state the results of the hypothesis test. Print your results and staple them to this sheet for grading.
Price: $2.99
Answer: The answer consists of 3 pages
Deliverables: Word Document
Deliverables: Word Document
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