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

question 174

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 a 99% confidence interval estimate for the mean sales made by brokers who have brought into the firm 24 new clients. The confidence interval is from ________ to ________.

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Definitions:

Managerial Role

The specific behaviors and tasks required from a manager, including planning, organizing, leading, and controlling organization resources.

Spokesperson

An individual authorized to speak on behalf of an organization, representing its views and messages to the public or specific audiences.

Human Resource Management

The strategic approach to managing people in an organization in a way that maximizes their contribution to the achievement of business objectives.

Mintzberg

Henry Mintzberg is a renowned academic and author known for his work on business and management structures, strategy, and organizational theory.