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

question 120

Short Answer

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 managers of the brokerage firm wanted to test the hypothesis that the population slope was equal to 0.At a level of significance of 0.01,the decision that should be
made implies that _____ (there is a or there is no)linear dependent relationship between the independent and dependent variables.

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Definitions:

Assignee

A party to whom a right or property is legally transferred.

Loan Payments

Regular payments made towards settling a loan, typically consisting of both principal and interest components.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

Statute Prohibits

A legal term indicating that a specific action or practice is forbidden by statutory law or legislation.