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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 no evidence of positive autocorrelation if the Durbin-Watson test statistic is found to be 1.78.
Dress Up
The act of wearing formal or fancy clothing, often for a special occasion or event.
Selective Perception
The process by which individuals focus on certain stimuli within their environment while ignoring others, influenced by their interests, background, and attitudes.
Projection Errors
Mistakes in judgment where one's own thoughts, motivations, or feelings are attributed to someone else.
Self-Awareness
The conscious knowledge of one's own character, feelings, motives, and desires.
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