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:

Tools, Support

Resources or aid provided to accomplish tasks or solve problems, often including both physical devices and intangible assistance.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Organizational Culture

The shared beliefs, values, norms, and practices that shape the social and psychological environment of a business or organization.

Formal Informal Communication

Describes the two spectrums of communication in organizations; formal communication follows official channels and protocols, whereas informal communication occurs spontaneously and without organizational hierarchy.