Solved

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

Question 131

Multiple Choice

TABLE 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:
TABLE 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: Note: 4.3946E-15 is 4.3946 × -Referring to Table 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].
Note: 4.3946E-15 is 4.3946 ×
TABLE 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: Note: 4.3946E-15 is 4.3946 × -Referring to Table 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].
TABLE 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: Note: 4.3946E-15 is 4.3946 × -Referring to Table 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].
TABLE 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: Note: 4.3946E-15 is 4.3946 × -Referring to Table 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 Table 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].

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: The value of r is always positive.

Q126: TABLE 13-4<br>The managers of a brokerage firm

Q127: Assuming a linear relationship between X and

Q128: Referring to Table 13-2, if the price

Q129: TABLE 13-3<br>The director of cooperative education at

Q130: TABLE 13-3<br>The director of cooperative education at

Q132: TABLE 13-10<br>The management of a chain electronic

Q133: TABLE 13-10<br>The management of a chain electronic

Q134: TABLE 13-1<br>A large national bank charges local

Q135: TABLE 13-9<br>It is believed that, the average