SOLUTION: 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

Question 944284: 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.
Broker Clients Sales
1 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
Referring to Table 13-4, the least squares estimate of the slope is
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
From an EXCEL fit of the data,

.
.
.

.
RELATED QUESTIONS
The managers of a brokerage firm are interested in finding out if the number of new... (answered by stanbon)

The managers of a brokerage firm are interested in finding out if the number of new... (answered by CPhill)

The managers of a brokerage firm are interested in finding out if the number of new... (answered by Fombitz)

A stock brokerage firm has received nine enquiries regarding new accounts. In how many... (answered by ikleyn)

Company is interested in finding out if there is any difference in the average salary... (answered by Theo)

During the first year of opening his law firm, a lawyer served 46 clients. In the second... (answered by jorel555,MathTherapy)

Rosalie Hill sold twelve $1000 bonds having a quoted price of 102. The broker charged a... (answered by math_helper)

A brokerage survey reports that 30 per cent of individual investors have used a discount... (answered by ewatrrr)

Complaints about an Internet brokerage firm occur at a rate of 4 per day. The number of... (answered by Boreal)