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

question 200

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 least squares estimate of the slope is ________.

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Definitions:

Real GDP

The total value of all goods and services produced by a country over a specific time period, adjusted for changes in price or inflation.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced over a specific time period in real terms.

Social Security

Social Security is a government program that provides financial assistance to people with inadequate or no income, including retirees, disabled people, and their families.

National Income

National Income is the total value of all goods and services produced by a country's economy over a specific time period, plus income from abroad, minus income remittances to other countries.