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

question 171

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 prediction for the amount of sales (in $1,000s) for a person who brings 25 new clients into the firm is ________.

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Definitions:

Unilateral

Pertaining to an action or decision made by one party or side without the agreement or consent of others.

Mutual

Pertaining to feelings, obligations, or relationships experienced or carried out by two parties towards each other.

Contract Rescission

The legal cancellation or termination of a contract, returning all parties to their positions prior to the agreement.

Equitable Remedy

A remedy granted by courts in situations where money damages are inadequate, involving actions like injunctions or specific performance.