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

question 167

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 number of new clients brought in had a positive impact on the amount of sales generated. The p-value of the test is ________.

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Definitions:

Extinction

The process by which a species, genus, or family becomes permanently extinct, marking the end of its survival on Earth.

Punishment

A consequence that reduces the likelihood of a behavior being repeated, used to enforce rules or correct undesired actions.

Positive Reinforcement

A technique in behavior management that involves rewarding desired behaviors to increase the likelihood of their recurrence.

Negative Reinforcement

Negative reinforcement is a behavior modification technique that involves the removal of an unpleasant stimulus to encourage a desired behavior.