Question: Please help Question 4 of 27 This test: 75 point(s) possible This question: 25 point(s) possible Submit test An accountant for a large department store
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Question 4 of 27 This test: 75 point(s) possible This question: 25 point(s) possible Submit test 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 V 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 linear relationship, use the least-squares method to compute the regression coefficients bo and by. Y1 = [ + () Xi (Round to three decimal places as needed.) b. Interpret the meaning of the Y-intercept, bo, and the slope, b, , in this problem. Interpret the Y-intercept, if appropriate. Choose the correct answer below. O A. It is not appropriate to interpret the Y-intercept because it is outside the range of observed numbers of invoices. O B. The Y-intercept indicates the predicted number of invoices completed in 0 hours. O C. It is not appropriate to interpret the Y-intercept because it is outside the range of observed completion times. O D. It is not appropriate to interpret the Y-intercept because there cannot be 0 invoices. O E. It is not appropriate to interpret the Y-intercept because there cannot be no completion time. OF. The Y-intercept indicates the predicted completion time for 0 invoices. Interpret the slope, if appropriate. Choose the correct answer below
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