TABLE 13-12
The manager of the purchasing department of a large banking organization would like to develop a model to predict the amount of time (measured in hours) it takes to process invoices. Data are collected from a sample of 30 days, and the number of invoices processed and completion time in hours is recorded. Below is the regression output:
Note: 4.3946E-15 is 4.3946×10 -15

-Referring to Table 13-12, the estimated average amount of time it takes to process one additional invoice is
A) 0.4024 fewer hours.
B) 0.4024 more hours.
C) 0.0126 fewer hours.
D) 0.0126 more hours.

Question

TABLE 13-12
The manager of the purchasing department of a large banking organization would like to develop a model to predict the amount of time (measured in hours) it takes to process invoices. Data are collected from a sample of 30 days, and the number of invoices processed and completion time in hours is recorded. Below is the regression output:
  Note: 4.3946E-15 is 4.3946×10 -15 
  
-Referring to Table 13-12, the estimated average amount of time it takes to process one additional invoice is
A) 0.4024 fewer hours. 
B) 0.4024 more hours. 
C) 0.0126 fewer hours. 
D) 0.0126 more hours.

Quizplus · Accepted Answer

The correct choice is D) 0.0126 more hours, as it indicates the estimated average increase in processing time for each additional invoice.

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