Instruction 12 -Referring to Instruction 12

question 193

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 prediction for the amount of sales (in $1,000s)for a person who brings 25 new customers into the firm is ____________.

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Definitions:

Comparable Worth

The concept that jobs of equal value to an organization should receive equal pay, even if the jobs are different in nature.

Pay Equity

The principle or practice of ensuring that employees are compensated equally for work of equal value, regardless of gender, race, or other potentially discriminatory factors.

Compensation Management

The system of designing and implementing strategies to pay employees fairly and competitively.

Job Analysis Information

Data gathered about a job's tasks, responsibilities, necessary skills, outcomes, and work environment, used for creating job descriptions and specifications.