Instruction 12 -Referring to Instruction 12

question 49

Short Answer

Instruction 12.4
The managers of a brokerage firm are interested in finding out if the number of new customers a broker brings into the firm affects the sales generated by the broker. They sample 12 brokers and determine the number of new customers they have enrolled in the last year and their sales amounts in thousands of dollars. These data are presented in the table that follows.
$$\begin{array} { | l | l | l | } \hline \text { Broker } & \text { Clients } & \text { Sales } \\\hline 1 & 27 & 52 \\\hline 2 & 11 & 37 \\\hline 3 & 42 & 64 \\\hline 4 & 33 & 55 \\\hline 5 & 15 & 29 \\\hline 6 & 15 & 34 \\\hline 7 & 25 & 58 \\\hline 8 & 36 & 59 \\\hline 9 & 28 & 44 \\\hline 10 & 30 & 48 \\\hline 11 & 17 & 31 \\\hline 12 & 22 & 38 \\\hline\end{array}$$
-Referring to Instruction 12.4,the error or residual sum of squares (SSE)is____________.

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Definitions:

Theory of Work Adjustment

A theory explaining the relationship between individuals and their work environments, focusing on the compatibility between individual needs and skills and job demands and rewards.

Achievement

The act of accomplishing or achieving something significant thanks to one's effort or skill, often leading to a sense of fulfillment or pride.

Disequilibrium

A state of imbalance or instability in a system or market, often temporary, where supply and demand do not match.

Job Tenure

The length of time an individual remains employed in a particular job or with a single employer, often associated with job satisfaction and career progression.