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

question 30

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 standard error of estimate is ________.

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Definitions:

Gustav Fechner

A German philosopher, physicist, and experimental psychologist who founded psychophysics, quantitatively measuring the relation between physical stimuli and the sensations and perceptions they affect.

Awareness

The knowledge or perception of a situation or fact.

Subliminal Priming

The use of stimuli below the threshold of conscious perception to influence thoughts or actions.

Stimuli

External agents or occurrences that cause a reaction or response in an organism or any of its parts.