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

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TABLE 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:
TABLE 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:     Note: 4.3946E-15 is 4.3946 ×            -Referring to Table 13-12, there is a 95% probability that the mean amount of time needed to record one additional loan application is somewhere between 0.0109 and 0.0143 hours.
Note: 4.3946E-15 is 4.3946 ×
TABLE 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:     Note: 4.3946E-15 is 4.3946 ×            -Referring to Table 13-12, there is a 95% probability that the mean amount of time needed to record one additional loan application is somewhere between 0.0109 and 0.0143 hours.
TABLE 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:     Note: 4.3946E-15 is 4.3946 ×            -Referring to Table 13-12, there is a 95% probability that the mean amount of time needed to record one additional loan application is somewhere between 0.0109 and 0.0143 hours.
TABLE 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:     Note: 4.3946E-15 is 4.3946 ×            -Referring to Table 13-12, there is a 95% probability that the mean amount of time needed to record one additional loan application is somewhere between 0.0109 and 0.0143 hours.
-Referring to Table 13-12, there is a 95% probability that the mean amount of time needed to record one additional loan application is somewhere between 0.0109 and 0.0143 hours.

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Definitions:

Microsoft Excel

A spreadsheet program developed by Microsoft, used for data organization, calculation, graphing tools, and pivot tables.

Personal Information Manager

Software that helps users organize personal data such as contacts, appointments, tasks, notes, and emails.

Computer-Aided Design

The use of computer technology for the process of designing buildings, products, or components, allowing for higher precision and the ability to simulate real-world performance.

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