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

question 86

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:

Note: 4.3946E-15 is 4.3946 ×



-Referring to Table 13-12, what percentage of the variation in the amount of time needed can be explained by the variation in the number of invoices processed?

---

Definitions:

Japanese Gardens

Landscaped gardens designed according to traditional Japanese aesthetics and principles, often emphasizing natural beauty and tranquility.

Public Park

A space of land, usually owned and maintained by a government entity, that is designated for recreational use and enjoyment by the public.

Contract

A binding legal agreement between two or more parties that is enforceable by law.

Restrictive Covenant

A clause in a contract or deed that limits what the owner of the land or property can do with it, often to ensure the area's character or value is maintained.