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

Question 46

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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:
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.
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.
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.
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.
-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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