SCENARIO 12-4
the Managers of a Brokerage Firm Are Interested

question 103

Short Answer

SCENARIO 12-4
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. $\begin{array}{lll}\text { Broker } & \text {Clients} & \text {Sales }\\1 & 27 & 52 \\2 & 11 & 37 \\3 & 42 & 64 \\4 & 33 & 55 \\5 & 15 & 29 \\6 & 15 & 34 \\7 & 25 & 58 \\8 & 36 & 59 \\9 & 28 & 44 \\10 & 30 & 48 \\11 & 17 & 31 \\12 & 22 & 38\end{array}$
-Referring to Scenario 12-4, the managers of the brokerage firm wanted to test the hypothesis that the number of new clients brought in had a positive impact on the amount of sales generated.The value of the test statistic is _.

---

Definitions:

Positive Language

The use of words that focus on strength, possibility, and constructive action, often to inspire or motivate.

Lot Codes

Identification codes assigned to a batch of products, facilitating traceability and management of inventory.

Issuance

The action of providing or distributing something officially, such as a document.

Formal Research

Systematic investigation aimed at discovering and interpreting knowledge through a structured approach, such as experiments or surveys.