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Plymouth Rock Securities is interested in finding out if there is a relationship between the number of new clients brought into the firm by a broker and the sales performance of the broker. A random sample of 11 brokers' records are reviewed to determine the number of new clients enrolled last year and total sales in millions of dollars.Broker 1 2 3 4 5 6 7 8 9 10 11
Clients 27 11 42 33 15 15 25 36 28 30 17
Sales, $ 52 37 64 55 29 34 58 59 44 48 31

a) How closely related is the new client base to sales performance? Draw the scatterplot and compute the correlation and describe the relationship

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
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