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

Question 179

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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 13-12,the 90% confidence interval for the mean change in the amount of time needed as a result of recording one additional loan application is A) wider than [0.1492,0.6555]. B) narrower than [0.1492,0.6555]. C) wider than [0.0109,0.0143]. D) narrower than [0.0109,0.0143].
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 13-12,the 90% confidence interval for the mean change in the amount of time needed as a result of recording one additional loan application is A) wider than [0.1492,0.6555]. B) narrower than [0.1492,0.6555]. C) wider than [0.0109,0.0143]. D) narrower than [0.0109,0.0143].
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 13-12,the 90% confidence interval for the mean change in the amount of time needed as a result of recording one additional loan application is A) wider than [0.1492,0.6555]. B) narrower than [0.1492,0.6555]. C) wider than [0.0109,0.0143]. D) narrower than [0.0109,0.0143].
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 13-12,the 90% confidence interval for the mean change in the amount of time needed as a result of recording one additional loan application is A) wider than [0.1492,0.6555]. B) narrower than [0.1492,0.6555]. C) wider than [0.0109,0.0143]. D) narrower than [0.0109,0.0143].
-Referring to Scenario 13-12,the 90% confidence interval for the mean change in the amount of time needed as a result of recording one additional loan application is


A) wider than [0.1492,0.6555].
B) narrower than [0.1492,0.6555].
C) wider than [0.0109,0.0143].
D) narrower than [0.0109,0.0143].

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