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

question 36

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, you can be 95% confident that the mean amount of time needed to record one additional loan application is somewhere between 0.0109 and 0.0143 hours.

---

Definitions:

Ego

In psychoanalytic theory, the part of the psyche that mediates demands from the id, superego, and reality.

Id

A component of Sigmund Freud's model of the psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Self-Efficacy

One’s sense of competence and effectiveness.

Narcissistic

Pertaining to a personality trait characterized by excessive self-love, a need for admiration, and a lack of empathy for others.