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The operations division of a commercial bank undertakes a study to predict the transaction time of a given task from the number of transactions. In
The operations division of a commercial bank undertakes a study to predict the transaction time of a given task from the number of transactions. In this situation: Y = Transaction Time X = Number of Transactions A Prediction equation: Y = 12 + 8X SSR = Sum of Squares Due to Regression = 23,040 SSE 2 Sum of Squares due to Error = 2,560 n = number of tasks = 42 A 95% prediction interval for the transaction time for 10 transactions is
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