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TABLE 12-4 The Managers of a Brokerage Firm Are Interested in Finding

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TABLE 12-4
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.
TABLE 12-4 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 12-4, the error or residual sum of squares (SSE)is ________.
-Referring to Table 12-4, the error or residual sum of squares (SSE)is ________.


Definitions:

Performance Problems

Issues affecting the efficiency and effectiveness with which job duties are performed.

Total-quality Management

A comprehensive approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback.

Meaningful Feedback

Constructive and detailed feedback that is valuable to the recipient, aiding in performance improvement and personal development.

Development Focus

An approach that prioritizes employee growth and learning as a key part of organizational strategy.

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