TABLE 13-12 The Manager of the Purchasing Department of a Large Saving

question 111

Short Answer

TABLE 13-12
The manager of the purchasing department of a large saving and loan organization would like to develop a model to predict the amount of time (measured in hours)it takes to record a loan application.Data are collected from a sample of 30 days,and the number of applications recorded and completion time in hours is recorded.Below is the regression output:
-Referring to Table 13-12,the p-value of the measured F test statistic to test whether the number of loan applications recorded affects the amount of time is ________.

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Definitions:

Grocery Store

A retail store that specializes in selling food and other household goods.

Transaction

An instance of buying or selling something; a business deal or action.

Internet Application

A computer program that runs on a web server and interacts with users through a web browser over the Internet.

Amazon's Cloud

Amazon Web Services (AWS), a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments.