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

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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. 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 population slope was equal to 0. The p-value of the test is ________.
-Referring to Table 13-4, the managers of the brokerage firm wanted to test the hypothesis that the population slope was equal to 0. The p-value of the test is ________.


Definitions:

Quantity Of Output

The total amount of goods or services produced by a company, sector, or economy during a specified period.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Total Revenue

The sum total of financial gains a company secures from its commercial transactions or service provisions during a certain interval.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a distinct price point, during a specific time frame.

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