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

question 156

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SCENARIO 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:
SCENARIO 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 Scenario 13-11,which of the following is the correct interpretation for the slope coefficient? A) For each decrease of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. B) For each increase of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. C) For each decrease of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands. D) For each increase of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands.
SCENARIO 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 Scenario 13-11,which of the following is the correct interpretation for the slope coefficient? A) For each decrease of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. B) For each increase of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. C) For each decrease of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands. D) For each increase of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands.
SCENARIO 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 Scenario 13-11,which of the following is the correct interpretation for the slope coefficient? A) For each decrease of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. B) For each increase of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. C) For each decrease of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands. D) For each increase of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands.
SCENARIO 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 Scenario 13-11,which of the following is the correct interpretation for the slope coefficient? A) For each decrease of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. B) For each increase of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands. C) For each decrease of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands. D) For each increase of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands.
-Referring to Scenario 13-11,which of the following is the correct interpretation for the slope coefficient?

Definitions:

Abortion

The termination of pregnancy; spontaneous or induced.

Extrinsic Reward

A reward given by an external source, such as money or praise, which motivates certain behaviors or actions.

End-of-Year Bonus

A monetary incentive given to employees at the end of the calendar year, often based on company performance, profitability, or individual achievement.

Nonmonetary

Pertains to benefits, rewards, or compensation that do not involve financial remuneration.

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