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

question 34

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 population slope was equal to 0. For a test with a level of significance of 0.01, the null hypothesis should be rejected if the value of the test statistic is ________.

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Definitions:

Rescinded

Describes an action whereby a contract, order, or agreement is revoked, canceled, or repealed.

Antedated

Refers to a document or event dated earlier than the actual date, often done to give the appearance of an earlier occurrence.

Material Fact

A fact that is significant or essential to the issue or matter at hand, which, if known, could influence an individual's decision.

Nondisclosure

An agreement or clause that prohibits the sharing of confidential information.