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

question 9

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

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A stage in cognitive development, as posited by Piaget, where children aged 7 to 11 start thinking logically about concrete events.

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A developmental phase in Jean Piaget's theory, occurring roughly between the ages of 2 and 7, where children begin to engage in symbolic play but lack the ability to perform operations or use logical thinking.