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

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 slope coefficient?

A) For each decrease of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands.
B) For each increase of 1 thousand downloads,the expected revenue is estimated to increase by $ 3.7297 thousands.
C) For each decrease of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands.
D) For each increase of 1 thousand dollars in expected revenue,the expected number of downloads is estimated to increase by 3.7297 thousands.