TABLE 12-12 The Manager of the Purchasing Department of a Large Savings

question 206

True/False

TABLE 12-12
The manager of the purchasing department of a large savings 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 x 10-15.


-Referring to Table 12-12, there is sufficient evidence that the amount of time needed linearly depends on the number of loan applications at a 1% level of significance.

---

Definitions:

Centrality

The importance or influence of a role or position within a network or system, often determined by the number of connections or dependencies.

Ingratiation

A psychological strategy where an individual attempts to make themselves more likable or appealing to others, often to gain favor or approval.

Information Control

The management and regulation of information flow within an organization, focusing on optimizing access and protecting confidentiality.

Visibility

Visibility in the context of a business refers to how easily and clearly a company's actions, decisions, or products are seen and understood by its stakeholders.