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

question 49

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, suppose the managers of the brokerage firm want to construct n a 99% prediction interval for the sales made by a broker who has brought into the firm 18 new clients. The t critical value they would use is ________.

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Definitions:

Warren Bennis

was an American scholar, organizational consultant, and author, widely regarded as a pioneer in the field of leadership studies.

Effective Leadership

The ability of a leader to inspire and guide followers towards achieving specific goals in an efficient and effective manner.

Principles

Standards of ethical conduct; fundamental truths and proven rules, such as the principles of effective leadership. See ethics.

Knute Rockne

A legendary American football player and coach, recognized for his exceptional leadership and motivational skills, and his legacy in the sports field.