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

question 69

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 managers of the brokerage firm wanted to test the hypothesis that the number of new clients brought in did not affect the amount of sales generated. The value of the test statistic is ________.

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Definitions:

Cultural

Pertains to the ideas, customs, social behavior, and artifacts of a particular society, group, or time period.

Economic

Relating to economics or the economy, the study of how societies use resources to produce goods and distribute them among individuals.

Genetic

Pertaining to genes and heredity, influencing the characteristics and traits of an organism.

Retained

The act of keeping or holding onto something, such as information in memory or employees in a company.