Instruction 12-4
the Managers of a Brokerage Firm Are Interested

question 92

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.
$\begin{array}{ccc} \text {Broker }&\text {Clients }&\text { Sales}\\\hline1 & 27 & 52 \\2 & 11 & 37 \\3 & 42 & 64 \\4 & 33 & 55 \\5 & 15 & 29 \\6 & 15 & 34 \\7 & 25 & 58 \\8 & 36 & 59 \\9 & 28 & 44 \\10 & 30 & 48 \\11 & 17 & 31 \\12 & 22 & 38\end{array}$
-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:

Collective Behavior

Actions or behaviors of a group of people who are not necessarily connected but act together toward a common goal or in a similar pattern.

Marx's

Pertaining to the theories and concepts developed by Karl Marx, focusing on class struggle, the dynamics of capitalism, and the eventual rise of the proletariat.

Spencer's

Likely refers to Herbert Spencer's sociological theories, which applied the principles of evolution to the study of society and emphasized survival of the fittest.

Social Change

The transformation over time of cultural values, norms, institutions, and structures within a society, often driven by collective action, technological innovation, or social policies.