insurance claims

Homework

The basis in the consultation are from a consider conducted by an protection assembly to detail the chattels of changing the mode by which protection arrogations are general. The goal was to amend policyholder pleasure by expediting the mode and eliminating some extraneous approval steps in the mode. The tally gauged was the middle season required to comment and mail all arrogations inaugurated in a week. The new way was tested for 12 weeks, and the results were compared to the mode accomplishment for the 12 weeks preceding to instituting the diversify.

Table: Protection Arrogation Approval Times (Days)
Old ProcessElapsed TimeNew ProcessElapsed Time
Week Week 
131.71324
2271425.8
333.81531
4301623.5
532.51728.5
633.51825.6
738.21928.7
837.52027.4
9292128.5
1031.52225.2
1138.62324.5
1239.32423.5

Use the basis in the consultation and refer the answers to the subjoined questions in a Word document:

1. What was the middle chattels of the mode diversify? Did the mode middle acception or lessen, and by how abundant?

2. Analyze the basis using the retreat standard yb0 + bx, where y = season to comment and mail a arrogation (weekly middle), x = 0 for the old mode, and x = 1 for the new mode.

3. How does this standard gauge the chattels of the mode diversify?

4. How abundant did the mode accomplishment diversify on the middle? (Hint: Compare the values of b1 and the middle of new mode accomplishment minus the middle of the accomplishment of the old mode.)

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