SCENARIO 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 Scenario 13-4,the total sum of squares (SST)is .
Definitions:
Paired T-test
a statistical test used to compare the means of two related groups.
Significance Level
A threshold used in statistical testing to determine whether to reject the null hypothesis, commonly set at 0.05.
Tenant Satisfaction
A measure of how happy or satisfied renters are with their housing and the services provided by their landlords.
In-ground Swimming Pool
A permanent pool constructed in the ground, as opposed to an above-ground pool, offering a more durable and integrated design.
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