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

question 146

Short Answer

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 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:

Selection Process

The series of steps employed by an organization to evaluate and choose the best candidates for a particular job.

Predictors

Variables or factors that can be used to forecast or anticipate the outcomes or actions of an individual or system.

Criteria of Interest

The specific standards or metrics that are used to evaluate or judge something.

Self-Efficacy Syndrome

A belief in one's own ability to succeed in specific situations or accomplish a task, influencing one's approach to challenges and goals.