0% Plagiarism Guaranteed & Custom Written

Week 7 Homework Assignment 6 Homework Assignment 6 Due in Week 7 and worth 30 points

16 / 01 / 2019 Statistics

This paper circulates around the core theme of Week 7 Homework Assignment 6 Homework Assignment 6 Due in Week 7 and worth 30 points together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 72. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Week 7 Homework Assignment 6 Homework Assignment 6 Due in Week 7 and worth 30 points The data in the table below is from a study conducted by an insurance company to determine the effect of changing the process by which insurance claims are approved. The goal was to improve policyholder satisfaction by speeding up the process and eliminating some non-value-added approval steps in the process. The response measured was the average time required to approve and mail all claims initiated in a week. The new procedure was tested for 12 weeks, and the results were compared to the process performance for the 12 weeks prior to instituting the change, Table: Insurance Claim Approval Times (days) Old New Process Process Elapsed Time Elapsed Time Week Week 1 31.7 13 24 2 27 14 25.8 3 33.8 15 31 4 30 16 23.5 5 32.5 17 28.5 6 33.5 18 25.6 7 38.2 19 28.7 8 37.5 20 27.4 9 29 21 28.5 10 31.3 22 25.2 11, 38.6 23 24.5 12 39.3 24 23.5 Use the date in table above and answer the following questions in the space provided below: 1. What was the average effect of the process change? Did the process average increase or decrease and by how much? 2. Analyze the data using the regression model y = bO+ b1X, where y = time to approve and mail a claim (weekly average), x = 0 for the old process, and x = 1 for the new process. 3. How does this model measure the effect of the process change? 4. How much did the process performance change on the average? (Hint: Compare the values of b1 and the average of new process performance minus the average of the performance of the old process.) htIps:llblackboa"d,slrayer,edulwebappslblackboardlcontentllistCorrtenljsp?coursejd= _18479IL 1&conteoUd= _19772878_1 1/2



100% Plagiarism Free & Custom Written


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

Benefits You Get

  • Free Turnitin Report
  • Unlimited Revisions
  • Installment Plan
  • 24/7 Customer Support
  • Plagiarism Free Guarantee
  • 100% Confidentiality
  • 100% Satisfaction Guarantee
  • 100% Money-Back Guarantee
  • On-Time Delivery Guarantee
FLAT 25% OFF ON EVERY ORDER. Use "FLAT25" as your promo code during checkout