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TABLE 13-4
the Managers of a Brokerage Firm Are

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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.
 Broker  Cliente  Sales 127522113734264433555152961534725588365992844103048111731122238\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 a 99% prediction interval for the sales made by a broker who has brought into the firm 18 new clients. The t critical value they would use is ____.

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Definitions:

Convergent Validity

When a scale correlates with other scales measuring the same construct.

Face Validity

When scale items appear, at face value, to measure what they are supposed to measure.

Convergent Validity

The degree to which two measures that theoretically should be related are actually related.

Discriminant Validity

The degree to which a concept or measurement is not associated with other concepts or measurements it's supposed to be unrelated to.

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