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A Sample of Recently Trained Line Workers Was Selected to Determine

question 24

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A sample of recently trained line workers was selected to determine if there is a relationship between the number of hours of training time received by production line Workers and the time it took (in minutes) for them to trouble shoot their last process Problem were captured. Using the regression output is shown below, what conclusion Should be made at α = .05? The regression equation is Trouble Shooting =30.71.84= 30.7 - 1.84 Training
 Predictor  Coef  SE Coef T P Constant 30.7291.02330.030.000 Training 1.83600.137613.350.000\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & T & \mathrm {~P} \\ \text { Constant } & 30.729 & 1.023 & 30.03 & 0.000 \\ \text { Training } & - 1.8360 & 0.1376 & - 13.35 & 0.000 \end{array}
S=1.43588RSq=93.2%RSq(adj) =92.7%\mathrm { S } = 1.43588 \quad \mathrm { R } - \mathrm { Sq } = 93.2 \% \quad \mathrm { R } - \mathrm { Sq } ( \mathrm { adj } ) = 92.7 \%


Definitions:

Investment Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, real estate, and other assets.

GICs

Stands for Guaranteed Investment Certificates, which are Canadian investment instruments that provide a guaranteed rate of return over a fixed period.

Market Efficiency

An idea in financial economics stating that the prices of assets completely incorporate all existing information.

Market Efficiency

A concept in financial economics that states that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the overall market.

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