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Business management homework help
This is the copy of Announcement of Week 7 in our course shell.
The main theme of Week 7 Lecture is "How to evaluate process improvement after eliminating some non-value-added items". The table given in the homework shows the insurance claim approval time (days) from the first 12 weeks of the old process (from week 1 through week 12) where some non-value-added items are not removed. The table also shows the data of new process (the second 12 weeks; week 13 through week 24) after eliminating the non-value-added items. For the purpose of comparison, I changed the week number for the new process below.
Table: Insurance Claim Approval Times (days)
Old Process |
|
|
New Process |
|
Week |
Elapsed Time |
|
Week |
Elapsed Time |
1 |
31.7 |
|
1 |
24 |
2 |
27 |
|
2 |
25.8 |
3 |
33.8 |
|
3 |
31 |
4 |
30 |
|
4 |
23.5 |
5 |
32.5 |
|
5 |
28.5 |
6 |
33.5 |
|
6 |
25.6 |
7 |
38.2 |
|
7 |
28.7 |
8 |
37.5 |
|
8 |
27.4 |
9 |
29 |
|
9 |
28.5 |
10 |
31.3 |
|
10 |
25.2 |
11 |
38.6 |
|
11 |
24.5 |
12 |
39.3 |
|
12 |
23.5 |
Please follow my instruction for each question of HW below.
Remember that this regression model is a very useful and mighty tool used by all scientists today. Spend time to study the basic of regression model. Thank you very much.
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