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

Short Answer

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 p-value of the measured F-test statistic to test whether the number of loan applications recorded affects the amount of time is .