Mathematics Homework Help

CSJ Gathering Information Statistics & Competitive Company Discussion

 

I need help with a Statistics question. All explanations and answers will be used to help me learn.

1.Jane has just begun her new job as 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. Testi at 5% significance that the population mean is at least 100 dollars against the alternative that it is less than 100 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 Jane has met this requirement at the significance level of 95%?

2. A nationwide survey of working adults indicates that only 50% of them are satisfied with their jobs. The president of a large company believes that more than 50% of employees at his company are satisfied with their jobs. To test his belief, he surveys a random sample of 100 employees, and 54 of them report that they are satisfied with their jobs. Can he conclude that more than 50% of employees at the company are satisfied with their jobs? Use the ? = 0.05 level of significance.