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

question 43

Short Answer

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,predict the revenue when the number of downloads is 30 thousands.

---

Definitions:

LAN

Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, laboratory, or office building.

ERP

Enterprise Resource Planning, a type of software that organizations use to manage daily business activities like accounting, procurement, project management, and manufacturing.

Hate Speech

Any speech, gesture, conduct, writing, or display that may incite violence or prejudicial action against or by a particular individual or group, or because it disparages or intimidates a minority group.

Data Collection

The process of gathering and measuring information on variables of interest, in a systematic fashion that enables one to answer stated research questions, test hypotheses, and evaluate outcomes.