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

question 156

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 13-11,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.

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Definitions:

Grocery Store

A retail establishment selling food and other household goods. Often considered an essential service providing everyday necessities to the public.

External Cost

Costs of a transaction or activity that affect parties who did not choose to incur that cost, often referred to in the context of negative externalities in environmental economics.

Postal Worker

An employee of the postal service who is involved in the processing, delivery, or handling of mail.

Crowded Break Room

A situation where the designated area for employees to take breaks is excessively occupied, leading to a lack of space and resources.