Instruction 12.39
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.
-Referring to Instruction 12.39,suppose the managers of the brokerage firm want to obtain a 99% confidence interval estimate for the mean sales made by brokers who have brought into the firm 24 new customers.The t critical value they would use is __________.
Correct Answer:
Verified
Q186: Instruction 12.38
The director of cooperative education
Q187: Instruction 12.38
The director of cooperative education
Q188: Instruction 12.39
The managers of a brokerage
Q189: Instruction 12.39
The managers of a brokerage
Q190: Instruction 12.38
The director of cooperative education
Q192: Instruction 12.40
The management of a chain
Q193: Instruction 12.38
The director of cooperative education
Q194: The residual represents the discrepancy between the
Q195: Instruction 12.38
The director of cooperative education
Q196: Instruction 12.39
The managers of a brokerage
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