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:

School Absenteeism

The habitual non-attendance of a student at school without valid justification.

Poverty Level

A federally defined income threshold below which an individual or family is considered to be living in poverty, influenced by factors like household size and composition.

Homeless

Lacking a permanent place of residence.

Economic Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.