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

question 65

Short Answer

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, what are the critical values of the Durbin-Watson test statistic using the 5% level of significance to test for evidence of positive autocorrelation?

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Definitions:

Profit Margin

A financial metric that indicates the percentage of revenue that exceeds the cost of goods sold.

Net Sales

The total revenue from sales minus any deductions for returned goods, allowances, and discounts.

Net Income

The remaining earnings of a company after deducting all expenses and taxes from the gross revenues.

Net Income

The total profit of a company after accounting for all costs and expenses, including taxes and operational expenses.