Instruction 12 -Referring to Instruction 12

question 60

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,____% of the total variation in sales generated can be explained by the number of new customers brought in.

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Definitions:

Beneficial

Producing good or helpful results; advantageous.

Role Conflict

A situation where an individual faces incompatible demands or expectations from different roles they are required to fulfill.

Role Ambiguity

Uncertainty or lack of clarity about expectations, responsibilities, and objectives associated with one's role within an organization or group.

Major Sources

The primary origins or suppliers of information, goods, or energy.