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

question 72

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 p-value of the test is .

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Definitions:

Cerebral Cortex

The outer layer of the brain, involved in complex functions such as thought, perception, language, and consciousness.

Cerebellum

A part of the brain located at the back of the skull, crucial for coordination, precision, and timing of movements.

Cerebrum

The largest part of the brain, responsible for voluntary activities, speech, sensation, vision, hearing, thought, and memory.

Reticular Formation

A network of nerve pathways in the brainstem involved in consciousness and the regulation of sleep-wake cycles.