TABLE 13-4 The Managers of a Brokerage Firm Are Interested in Finding

question 149

Short Answer

TABLE 13-4
The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. They sample 12 brokers and determine the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. These data are presented in the table that follows.
-Referring to Table 13-4, the coefficient of correlation is ________.

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Definitions:

Forecasted Net Income

An estimate of a company's future net earnings over a specific period, considering expected income and expenses.

Capital Budget

The process of planning and managing a company's long-term investments in major projects and fixed assets.

Stock Split

An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of ownership remains the same.

Total Market Value

The aggregate valuation of a company or asset in the marketplace, calculated by multiplying the current market price of its shares by the total number of shares outstanding.