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 both a 99% confidence interval estimate and a 99% prediction interval for X = 24.The confidence interval estimate would be the __________ (wider or narrower)of the two intervals.
Correct Answer:
Verified
Q183: Instruction 12.39
The managers of a brokerage
Q184: onfident that the mean amount of
Q185: onfident that the mean amount of
Q186: Instruction 12.38
The director of cooperative education
Q187: Instruction 12.38
The director of cooperative education
Q189: Instruction 12.39
The managers of a brokerage
Q190: Instruction 12.38
The director of cooperative education
Q191: Instruction 12.39
The managers of a brokerage
Q192: Instruction 12.40
The management of a chain
Q193: Instruction 12.38
The director of cooperative education
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