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

question 37

Multiple Choice

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 13-12,the estimated mean amount of time it takes to record one additional loan application is

• A)0.4024 fewer hours
• B)0.4024 more hours
• C)0.0126 fewer hours
• D)0.0126 more hours

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Definitions:

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