TABLE 13-4
the Managers of a Brokerage Firm Are

question 10

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.
$\begin{array}{lll}\text { Broker } & \text { Cliente } & \text { Sales } \\1 & 27 & 52 \\2 & 11 & 37 \\3 & 42 & 64 \\4 & 33 & 55 \\5 & 15 & 29 \\6 & 15 & 34 \\7 & 25 & 58 \\8 & 36 & 59 \\9 & 28 & 44 \\10 & 30 & 48 \\11 & 17 & 31 \\12 & 22 & 38\end{array}$


-Referring to Table 13-4, suppose the managers of the brokerage firm want to obtain both a 99% confidence interval estimate and a 99% prediction interval for X = 24. The confidence interval estimate would be the_____ (wider or narrower) of the two intervals.

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Definitions:

Overall Control

The comprehensive management and regulation of all aspects of a project, process, or organization to ensure that objectives are achieved efficiently and effectively.