Instruction 12 -Referring to Instruction 12

question 10

Short Answer

Instruction 12.29
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 12.29,the managers of the brokerage firm wanted to test the hypothesis that the number of new customers brought in had a positive impact on the amount of sales generated.For a test with a level of significance of 0.01,the null hypothesis should be rejected if the value of the test statistic is____________.

---

Definitions:

Control Condition

A standard against which experimental observations are evaluated, often representing the absence of an experimental treatment.

Anxiety

Sensations of fretfulness, tension, or disquiet, usually over an upcoming occurrence or one with an unpredictable conclusion.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Resource Allocations

The process of distributing available resources among various projects or departments within an organization to maximize efficiency and achieve strategic goals.