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 coefficient of correlation is .
Definitions:
Federal Tax
Taxes imposed by the federal government on income, sales, imports, estates, and gifts, among others, to fund national programs and services.
Demand for Marijuana
The desire for and quantity of marijuana that consumers are willing and able to purchase at various prices.
Market
Any institution or mechanism that brings together buyers (demanders) and sellers (suppliers) of a particular good or service.
Exchange of Goods
The act of giving one thing and receiving another, especially of the same type or value, commonly referred to in the context of trade or barter.
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