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

question 69

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 managers of the brokerage firm wanted to test the hypothesis that the number of new clients brought in did not affect the amount of sales generated. The value of the test statistic is ________.

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Definitions:

Negotiable Instrument

A paper ensuring the payment of a certain sum of money, either upon request or at a predetermined time, with the document specifying the person responsible for payment.

Rights

Entitlements or freedoms that are guaranteed by law, tradition, or ethical principles, which allow individuals to perform certain actions or claim specific benefits.

Maker

In legal or financial contexts, the party that creates or issues a promissory note, check, or other negotiable instrument.

Pay

The compensation or wage given to an employee in exchange for their work or service.