TABLE 13-4
The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. They sample 12 brokers and determine the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. These data are presented in the table that follows.

-Referring to Table 13-4, the managers of the brokerage firm wanted to test the hypothesis that the true slope was equal to 0. The denominator of the test statistic is s_b₁. The value of s_b₁in this sample is ________.

Question

TABLE 13-4
The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. They sample 12 brokers and determine the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. These data are presented in the table that follows.

-Referring to Table 13-4, the managers of the brokerage firm wanted to test the hypothesis that the true slope was equal to 0. The denominator of the test statistic is s_b₁. The value of s_b₁in this sample is ________.

Quizplus · Accepted Answer

The Answer of TABLE 13-4 The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker. They sample 12 brokers and determine the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. These data are presented in the table that follows. -Referring to Table 13-4, the managers of the brokerage firm wanted to test the hypothesis that the true slope was equal to 0. The denominator of the test statistic is s_b₁. The value of s_b₁in this sample is ________.

TABLE 13-4 The Managers of a Brokerage Firm Are Interested in Finding