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An accountant for'a large department store has the business objective of developing a model to predict the amount of time it takes to process Invoices,
An accountant for'a large department store has the business objective of developing a model to predict the amount of time it takes to process Invoices, Data are collected from the past 32 working days, and the number of invoices processed and completion time (in hours) are recorded with the accompanying results, Complete parts (a) through (h) below Click the icon to view the Invoice data a. Assuming a mhear relationship, use the least-squares method to compute the regression coefficients by and by (Round to three decimal places as needed ) b, Interpret the meaning of the by. In this problem. slope, Interpret the slope, If appropriate. Choose the correct answer below. Q) A. The slope indicates that for each additional hour of completion time, the number of invoices is estimated to Increase by a valve equal to by. B. It is not appropriate to interpret the slope because it is outside the range of observed numbers of invoices C C. It is not appropriate to interpret the slope because it it outside the range of observed completion times (1.D. The slope Indicates that for each additional invoice, the completion time is estimated to increase by a number of hours equal to byAn accountant for a large department store has the business objective of developing a model to predict the amount of time it takes to process Invoices. Data are collected from the past 32 working days, and the number of invoices processed and completion time (in hours) are recorded, with the accompanying results. Complete parts (a) through (h) below. Click the Icon to view the invoice data c. Use the prediction line developed in (a) to predict the moan amount of time it would take to process 150 invokes. Y=hours (Round to three decimal places as needed.) d. Compute the coefficient of determination, ro, and interpret its meaning. Select the correct choice below and fill in the answer box within your choice Round to three decimal places as nodded.} O:A. The conflictant of determination is This value is the proportion of variation in number of Invoices that is explained by the variation in completion smy. P. The couthcient of determination is r = This value is the probability that the slope of the regression line is statistically significant 6. The coefficient of determination is r = This value is the probability that the correlation between the variables is statistically significantAn accountant for a large department store has the business objective of developing a model to predict the amount of time it takes to process invoices Data are collected from the after12 working dope. and the number of invoices processed and completion time (in hours) are recorded, with the accompanying results. Completo parts (a) through (h) below. Oflet the Icon to view the invoice data. 7 hours ( wound to Mea got mai places as needed } d. Compute the coofficiant of dotgemination or", and interpret its meaning Select the comect choice below and fal in the answer box within your choice [Found to three decimal places as needed]] 3 A. The coefficient of determination is ? = This value is the proportion of variation in number of invoices that is explained by the variation in completion time The coefficient of determination is=This value is the probability that the slope of the regression line Is statistically significant The coefficient of determination is This value is the probability that the correlation between the variables is statistically significant U. The conficient of determination is "= This value is the proportion of vanation in completion time that is explained by the variation in number of Invoices
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