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

question 33

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 regression sum of squares (SSR)is ________.

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Definitions:

Financial Condition

The status of a company's assets, liabilities, and equity as seen in its balance sheet, reflecting its ability to generate cash flows and remain solvent.

Administrative Expenses

Overhead or general expenses related to the day-to-day operations of a business, including salaries of non-sales personnel, rent, utilities, and office supplies.

Unsecured Creditors

Creditors who have lent money without taking collateral. If the borrower defaults, these creditors stand behind secured creditors in the priority of claims.

Stockholders

Investors who own shares of stock in a corporation, holding a claim on its assets and earnings.