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 g
MAT 510 Homework Assignment
Name
Homework Assignment 3
1. What are the sources of value-added and non-value-added work in this process?
Value-added work refers to activities required to produce the product or service. For
example, sources of value-added w
Compare and contrast the fundamental differences between process improvement framework
and problem solving framework. Provide one (1) example of business management applying
each framework to support your response.
While both between process improvement
Per the textbook, to eliminate or reduce non-value-added work is a core step in improving
profitability or efficiency of the business process. Give your opinion on whether or not you
agree or disagree with this statement and include one (1) example of a
Compare and contrast the fundamental differences between process improvement framework and
problem-solving framework. Provide one (1) example of business management applying each
framework to support your response.
Essentially, both process improvement f
MAT 510 Homework Assignment
Homework Assignment 7
Due in Week 8 and worth 30 points
1. What is the nature of the effects of the factors studied in this experiment?
MAT 510 Homework Assignment
Regression model from the regression coefficients =
Y=30 + 1x1
Imagine that you are a business manager for a mid-sized company. Propose one (1) overall
strategy to build an effective business model in order to both monitor / control changes in
business process and predict future business performance for your company.
Use the Internet or Strayer Library to research articles on confidence interval and its application in
business. Select one (1) company or organization which utilized confidence interval technique to
measure its performance parameters (e.g., mean, varianc
Select one (1) project from your working or educational environment in which you would use the
confidence interval technique for the process. Next, speculate on one to two (1-2) challenges of utilizing
such a technique in the process and suggest your stra
MAT 510 Homework Assignment
Homework Assignment 9
Suppose that there are two (2) candidates (i.e., Jones and Johns) in the upcoming presidential election.
Sara notes that she has discussed the presidential election candidates with 15 friends, and 10 said
MAT 510 Homework Assignment
Homework Assignment 5
Due in Week 6 and worth 30 points
1. Does the OTR time appear to be stable? Why or why not?
The chart showing the order to remittance (OTR) time for hardware/software installations for the
last 76 installa
Among the tools (e.g., graphics tools, knowledge-based tools, etc.) that the author discussed
in the textbook, determine the type of tool that you would use for process improvement
framework. Next, determine the type of tool you would use for problem-sol
Among the tools (e.g., graphics tools, knowledge-based tools, etc.) that the author discussed in the
textbook, determine the type of tool that you would use for process improvement framework. Next,
determine the type of tool you would use for problem-solv
Imagine that you are a business manager for a mid-sized company. Propose one (1) overall
strategy to build an effective business model in order to both monitor / control changes in
business process and predict future business performance for your company.
Determine the top-three (3) concepts or skills you learned in this course that you believe will be the
most useful to you in your present or future professional career or education. Provide at least one
(1) specific example to support your response.
This
MAT 510 Homework Assignment
Homework Assignment 8
Due in Week 9 and worth 30 points
1. Construct a 95 percent confidence interval for the difference between the proportions of
service contracts sold on treadmills versus exercise bikes.
Let,
x1
= Number of
In one (1) paragraph, reflect on what you have learned so far in this course. Determine the
most interesting, unexpected, or useful piece of knowledge that you have learned.
Over the past four weeks, I have learned a lot; a majority of which has been very
In one (1) paragraph, reflect on what you have learned so far in this course. Determine the
most interesting, unexpected, or useful piece of knowledge that you have learned.
As I reflect back over the past four weeks this course, I have learned that stati
Review Test Submission: Week 5 Midterm
Exam
User
Course
Test
Started
Submitted
Due Date
Status
Attempt
Score
Time
Elapsed
Instructions
Bobby Sims
Business Statistics
Week 5 Midterm Exam
5/8/16 9:35 PM
5/8/16 10:14 PM
5/9/16 9:00 AM
Completed
96 out of 100
MAT 510 Homework Assignment
Homework Assignment 9
Due in week 10 and worth 30 points
Suppose that there are two (2) candidates (i.e., Jones and Johns) in the upcoming presidential election.
Sara notes that she has discussed the presidential election candi
MAT 510 Homework Assignment
Homework Assignment 1
Due in Week 1 and worth 30 points
Describe a work task, a hobby, or another activity that you regularly do, and sequentially list the various
actions you take in order to complete this activity. Consider t
MAT 510 Homework Assignment
Homework Assignment 3
Due in Week 3 and worth 30 points
The following data consists of the actual time used and potential (the best time possible for this
review process) to complete each step in the review process. The actual
CI of mu with known sigma or n>=30
Sample Size
Estimate of mean
Sample/population
standard deviation
Confidence Level
Constant
Stdev of Estimate
Margin of Error
CI Left Endpoint
CI Right Endpoint
Confidence Interval
n
xbar
10
488.5
sigma
c
zc
sigma/sqrt(n
CI of mu with known sigma or n>=30
Sample Size
Estimate of mean
Sample/population
standard deviation
Confidence Level
Constant
Stdev of Estimate
Margin of Error
CI Left Endpoint
CI Right Endpoint
Confidence Interval
n
xbar
10
488.5
sigma
c
zc
sigma/sqrt(n
A pizza shop claims that its mean delivery time is less than 30 minutes. A random selection of 36 delivery times
has a sample mean of 28.5 minutes and a standard deviation of 3.5 minutes. Is there enough evidence to support
the claim at the significance l
MAT 510 Homework Assignment
Homework Assignment 2
Due in Week 2 and worth 30 points
Answer the following questions in the space provided below:
Explain the importance of variation to health-care organizations and answer the following
questions.
a. What mi
Select one (1) project from the working or educational environment of your choice and specify
the main work process (e.g., suppliers and customers involved, work flow, etc.) of the project
that you have selected. Next, suggest at least two (2) actions tha