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

question 183

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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.
 BrokerClients Sales 127522113734264433555152961534725588365992844103048111731122238\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 managers of the brokerage firm wanted to test the hypothesis that the number of new customers brought in had a positive impact on the amount of sales generated.At a level of significance of 0.01,the null hypothesis should be ________ (accepted or rejected).

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Definitions:

Chain of Command

The hierarchy within an organization that establishes the authority and responsibility relationships among employees.

Fastest Growth

The highest rate of expansion in size, production, or market share experienced by an entity over a specific period.

Corporate Joint Ventures

A strategic alliance between two or more businesses that agree to share resources, risks, and rewards to pursue common objectives.

Mergers and Acquisitions

The process of combining two or more companies into one or purchasing one by another to enhance strength and efficiency.

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