Math Expert

(3)

$10/per page/Negotiable

About Math Expert

Levels Tought:
University,PHD

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,English,HR Management,Math,Psychology,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 249 Weeks Ago, 4 Days Ago
Questions Answered: 542
Tutorials Posted: 539

Education

  • Electronics Engineering
    New york Institute of Technology
    Jan-2015 - Dec-2016

Experience

  • Tutor
    NYIT
    Jan-2015 - Present

  • Tutor
    NYIT
    Jan-2015 - Present

Category > Math Posted 11 May 2017 My Price 12.00

MAT 510 Week 7 Homework Assignment 6

MAT 510 Week 7 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.

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 = b0 + 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.)

Answers

Math Expert
(3)
Status NEW Posted 11 May 2017 09:05 PM My Price 12.00

-----------

Attachments

file 1494540098-MAT 510 Week 7 Homework Assignment 6.docx preview (1048 words )
H-----------ome-----------wor-----------k A-----------ssi-----------gnm-----------ent----------- 6 ----------- D-----------ue -----------in -----------Wee-----------k 7----------- an-----------d w-----------ort-----------h 3-----------0 p-----------oin-----------ts ----------- Th-----------e d-----------ata----------- in----------- th-----------e t-----------abl-----------e b-----------elo-----------w i-----------s f-----------rom----------- a -----------stu-----------dy -----------con-----------duc-----------ted----------- by----------- an----------- in-----------sur-----------anc-----------e c-----------omp-----------any----------- to----------- de-----------ter-----------min-----------e t-----------he -----------eff-----------ect----------- of----------- ch-----------ang-----------ing----------- th-----------e p-----------roc-----------ess----------- by----------- wh-----------ich----------- in-----------sur-----------anc-----------e c-----------lai-----------ms -----------are----------- ap-----------pro-----------ved-----------. T-----------he -----------goa-----------l w-----------as -----------to -----------imp-----------rov-----------e p-----------oli-----------cyh-----------old-----------er -----------sat-----------isf-----------act-----------ion----------- by----------- sp-----------eed-----------ing----------- up----------- th-----------e p-----------roc-----------ess----------- an-----------d e-----------lim-----------ina-----------tin-----------g s-----------ome----------- no-----------n-v-----------alu-----------e-a-----------dde-----------d a-----------ppr-----------ova-----------l s-----------tep-----------s i-----------n t-----------he -----------pro-----------ces-----------s. -----------The----------- re-----------spo-----------nse----------- me-----------asu-----------red----------- wa-----------s t-----------he -----------ave-----------rag-----------e t-----------ime----------- re-----------qui-----------red----------- to----------- ap-----------pro-----------ve
Not Rated(0)
Relevent Questions