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

question 165

Short Answer

TABLE 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 Table 13-4, the coefficient of determination is ________.

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Definitions:

Buying Patterns

Buying Patterns refer to the habits or tendencies displayed by consumers when purchasing goods and services, often influenced by various factors such as tradition, culture, or economic situation.

Entrepreneurial

Pertaining to the characteristics, behaviors, and practices of individuals who initiate, organize, and operate a business venture.

Asian American

A term referring to individuals in the United States who have Asian ancestry from countries within the continent of Asia.

Buying Patterns

The habitual or typical behaviors and preferences of consumers when making purchasing decisions.