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

question 54

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 no evidence of positive autocorrelation if the Durbin-Watson test statistic is found to be 1.78.

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Definitions:

Third-Party Vendor

An external provider who offers goods or services to a company but is not directly connected to its primary operations.

Amazon Fulfillment Center

A warehouse facility where Amazon stores, packs, and ships products on behalf of sellers using Amazon's platform.

B2B Transaction

A commercial transaction between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.

B2C Transaction

A commercial exchange wherein businesses sell goods or services directly to consumers, typically through retail outlets or online platforms.