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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Definitions:

Common Ancestor

The most recent individual from which all organisms in a group are directly descended.

Metabolic Processes

The complex series of chemical reactions within organisms that enable them to maintain life, including pathways for energy production, synthesis of new molecules, and breakdown of substances.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Hardy-Weinberg Equilibrium

The principle stating that the genetic variation in a population will remain constant from one generation to the next in the absence of disturbing factors.