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 13-11,which of the following assumptions appears to have been violated?
A)Normality of error
B)Homoscedasticity
C)Independence of errors
D)None of the above

Question

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 13-11,which of the following assumptions appears to have been violated?
A)Normality of error 
B)Homoscedasticity 
C)Independence of errors 
D)None of the above

Quizplus · Accepted Answer

Without specific details from Scenario 13-11, it's impossible to accurately determine which assumption has been violated. Therefore, based on the information provided, "None of the above" is the only answer that can be universally correct without additional context.

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