z statistic for 36 salespeople averaging 17 deals
Question
A manager believes his team closes at most deals per person per week on average. He samples salespeople in one week and finds a sample mean of deals and a sample variance of . He tests whether the true mean exceeds . Assuming random sampling and roughly normal counts, what is the value of his test statistic?
Short answer
. With a z statistic is appropriate: .
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Open the worked solutionLessons behind this question
- Maximum Likelihood Estimation: Score and Log-Likelihood
- Covariance and Correlation
- The Hypothesis Testing Framework
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