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:

Minor Premise

In a categorical syllogism, the premise in which the minor term appears.

Syllogism

A form of reasoning where a conclusion is drawn from two given or assumed premises that share a common term.

Hallucinogenic Drug

A substance that causes alterations in perception, thinking, and feeling, leading to the experience of seeing or hearing things that aren't there.

Figure

The position of the middle term in the premises of a categorical syllogism.