The data in the table below is from a study conducted by an insurance company to determine the effec

I need an excel spreadsheet, with a scatter chart and regression analysis
mat510_homework_assignment_6.docx

Unformatted Attachment Preview

Don't use plagiarized sources. Get Your Custom Essay on
The data in the table below is from a study conducted by an insurance company to determine the effec
Just from $13/Page
Order Essay

MAT 510 – Homework Assignment
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
Process
New
Process
Elapsed Time
Week
Elapsed Time
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 = 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.)
Type your answers below and submit this file in Week 7 of the online course shell:
MAT 510 – Homework Assignment

Purchase answer to see full
attachment

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency

Order your essay today and save 15% with the discount code ESSAYHELP