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. Attached below is the regression output. What is the value of the measured t-test statistic to test whether the amount of time depends linearly on the number of loan applications recorded? Question content area bottomPart 1 A.15.2388 B.3.2559 C.232.2200 D.0.8924 Applications residuals plotApplications Recorded Residual Plot0.80.60.4Residuals 0.2-0.2-0.4-0.6-0.850100150200250300350Loan Applications RecordedPrintDone Regression outputRegression StatisticsMultiple RR SquareAdjusted RSquare0.94470.89240.8886Standard0.3342ErrorObservations30ANOVAdfSSMSSignificanceFRegression125.9438 25.9438232.2200 4.3946E-15Residual283.12820.1117Total2929.072Coefficients StandardError0.1236t StatP-valueLower 95% Upper 95%InterceptApplicationsRecorded0.40243.25590.00300.14920.65550.01260.0008 15.23880.00000.01090.0143PrintDone

From the given data t-test statistic = ?

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. Attached below is the regression output. What is the value of the measured t-test statistic to test whether the amount of time depends linearly on the number of loan applications recorded? Question content area bottom Part 1 A. 15.2388 B. 3.2559 C. 232.2200 D. 0.8924

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. Attached below is the regression output. What is the value of the measured t-test statistic to test whether the amount of time depends linearly on the number of loan applications recorded? Question content area bottom Part 1 A. 15.2388 B. 3.2559 C. 232.2200 D. 0.8924

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 6SGR

See similar textbooks

Question content area bottom

Part 1

15.2388

3.2559

232.2200

0.8924

Applications residuals plot
Applications Recorded Residual Plot
0.8
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0.4
Residuals 0.2
-0.2
-0.4
-0.6
-0.8
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Loan Applications Recorded
Print
Done

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