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

question 45

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 error or residual sum of squares (SSE)is ________.

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Definitions:

Defence Mechanism

Psychological strategies deployed by individuals unconsciously to protect themselves from perceived threats or anxiety.

Stress

A physical or mental response to an external cause, such as significant demand or threat, that disturbs an individual's mental or physical equilibrium.

Defence Mechanisms

Psychological strategies used by individuals to cope with reality and protect their ego by unconsciously denying or distorting reality.

Short-term Stress Reduction

Temporary methods or techniques used to decrease stress and enhance well-being.