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?

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Definitions:

Transformational Rule

In linguistics, a rule that takes an input, typically a deep structure, and transforms it into an output, such as a surface structure of a sentence.

Semantics

The branch of linguistics and logic concerned with meaning, including the study of symbols, signs, and the interpretation of linguistic expressions.

Language

Language is a system of communication used by humans, consisting of spoken, written, or signed words and the rules for combining them to convey ideas and feelings.

Meanings

The significance, definition, or interpretation of words, symbols, or other forms of communication.