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

question 170

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 total sum of squares (SST) is ________.

---

Definitions:

Lobbying-related Expenses

Costs incurred by organizations or individuals in the process of influencing lawmakers and government officials.

AARP

A United States-based interest group focusing on issues affecting those over the age of fifty.

Rent Seeking

The practice of gaining economic benefits through manipulation or exploitation of the political environment, often by influencing regulations or policies to obtain monopolies or other competitive advantages.

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, rather than by the government.