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 number of new clients brought in had a positive impact on the amount of sales generated.The p-value of the test is .
Definitions:
Self-correcting
Having the capability or tendency to correct oneself without external intervention.
Skill Development
The mastery of abilities essential to successful functioning in organizations.
Group Process
The sequence of interactions and dynamics that occur within a small group of people working together.
Critical Thinking
The process of objectively analyzing and evaluating an issue in order to form a judgment.
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