SCENARIO 13-12 The Manager of the Purchasing Department of a Large Saving

question 46

Multiple Choice

SCENARIO 13-12
The manager of the purchasing department of a large saving 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:




-Referring to Scenario 13-11,which of the following is the correct interpretation for the coefficient of determination?

• A)74.67% of the variation in revenue can be explained by the variation in the number of downloads.
• B)75.54% of the variation in revenue can be explained by the variation in the number of downloads.
• C)74.67% of the variation in the number of downloads can be explained by the variation in revenue.
• D)75.54% of the variation in the number of downloads can be explained by the variation in revenue.

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