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

question 116

Essay

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 ________.

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Definitions:

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand the country, its population, resources, economy, society, and culture.

Drinking-Related Problems

Issues arising from the consumption of alcohol, including health concerns, social problems, and psychological or physical dependency.

Adversely Affected

Negatively impacted or harmed by a particular event, action, or decision.

Behavioural Disinhibition

A personality trait describing an inability to inhibit behavioural impulses, rebelliousness, aggressiveness, and risk-taking that are associated with the development of alcohol problems.