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

question 49

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 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:

Social Change

The alteration in the social order of a society, encompassing changes in nature, social institutions, social behaviors, or social relations.

Stability

The state or quality of being stable; resistance to change, deterioration, or displacement.

Equilibrium

A state of balance or stability within a system, achieved when various forces or influences are equal and oppositional forces are neutralized.

Natural State

Hobbes’s conception of the human condition before the emergence of formal social structures.