Your Perfect Assignment is Just a Click Away
We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

Assigment: Average effect of the process change

Assigment: Average effect of the process change

Table is doownloaded in question aslo.
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 Elapsed Time New Process 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 31.5 22 25.2   11 38.6 23 24.5   12 39.3 24 23.5    
Use the date in the table above and answer the following questions in the space provided below:

What was the average effect of the process change? Did the process average increase or decrease and by how much?
Analyze the data using the regression model y = b0 + b1 x, where y = time to approve and mail a claim (weekly average), x = 0 for the old process, and x = 1 for the new process.
How does this model measure the effect of the process change?
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.)

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Topnotch Essay only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided byTopnotch Essay are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Topnotch Essay is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Topnotch Essay, we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.