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

True/False

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 model appears to be adequate based on the residual analyses.