Login

Create Account
+14156709189
info@expertsmind.com
Submit Homework/Assignment
Get quote & make Payment
Get Solution
QHA, Applied Statistics
Your employer, Quick Hit Agency (QHA), is a debt collections agency. The company specializes in collecting small accounts. QHA does not deal in large accounts and does not take on risky collections, such as those in which the debtor tends to be chronically late in payments or is known to be hostile.
To distinguish itself from competing collection agencies, the company wants to establish a reputation for collecting delinquent accounts fast. The marketing department has just suggested that QHA adopt the slogan:
“Under 60 days or your money back!“
At the last staff meeting in which this slogan was proposed, the marketing department was asked how they arrived at the number 60. You found the reply unsatisfactory at best: “Well, 60 sounded like a nice round number.”
Since you work as an accountant at QHA, you have access to account balances. You suspect that the number of days to collect the payment is related to the size of the bill. If this is the case, you may be able to estimate how quickly certain accounts are likely to be collected, which, in turn, may assist the marketing department in determining an appropriate level for the moneyback guarantee.
To test this theory, you’ve taken a sample of accounts closed out during the months of January through June. The data set includes the initial size of the account and the total number of days to collect payment in full. QHA deals in both residential and commercial accounts and you’ve collected data from both groups. The first 48 observations in the data set are residential accounts and the second 48 are commercial accounts. QHA has approximately equal numbers of residential and commercial accounts so the samples are of the right size.
In the worksheet, the variable Late is the number of days the payment was overdue, and the variable Bill is the amount of the bill in dollars.
Data Analysis & Statistical Modeling for Business 6
Your submission should be in the form of a report commencing with an Executive Summary which includes a recommendation on the feasibility of the 60 day money back guarantee. The next section should be titled Exploratory Analysis and provide an initial examination of the data. The final section titled Regression Analysis should decide whether the size of the bill a useful predictor of the number of days the payment is overdue.
You should make effective use of StatToolsTM output. Results should be reported using the appropriate templates.
Please DO NOT remove any data.
Page limit: Maximum 7 pages including all diagrams
Posted Date: 6/30/2013 5:26:31 AM  Location : Australia
Ask an Expert
Related Discussions:
QHA, Assignment Help, Ask Question on QHA, Get Answer, Expert's Help, QHA Discussions
Write discussion on QHA
Your posts are moderated
Write your message here..
Related Questions
Angle count method, Angle Count method The method for estimating the pr...
Angle Count method The method for estimating the proportion of the area of a forest which is in fact covered by the bases of trees. An observer goes to each of the number of po
Correlation, Correlation The correlation is commonly used and a useful...
Correlation The correlation is commonly used and a useful statistic used to describe the degree of the relationships between two or more variables. Pearson's correlation refle
Determine the matrix of the transformation, Consider the linear transformat...
Consider the linear transformation (a) Find the image of (3 , 2 , 2) under T. (b) Does the vector (5, 3) belong to the range of T? (c) Determine the matrix of the transf
Multiple regressions, A sample of 43 houses that were purchased in the Sout...
A sample of 43 houses that were purchased in the Southern California town Monrovia within a month was collected. We are interested in the study of the relationships between Price a
Uses of arthematic mean, give me question on mean is the aimplest average t...
give me question on mean is the aimplest average to understand and easy to compute
Evaluate the p  value, Use the given information to find the Pvalue. T...
Use the given information to find the Pvalue. The test statistic in a twotailed test is z = 1.49 Pvalue = (round to four decimal places as needed)
Multiple correspondence analysis, Correspondence Analysis (CA) is a general...
Correspondence Analysis (CA) is a generalization of PCA to contingency tables. The factors of correspondence analysis give an orthogonal decomposi:ion of the Chi square associated
Introduction to probability, Introduction to Probability A ...
Introduction to Probability A student is considering whether she should enroll in an MBA educational program offered by a wellknown college. Among othe
Bernoulli trial, Statistician is searching the \home ground" effect and is ...
Statistician is searching the \home ground" effect and is studying 20 football games, of which 14 were won by the home team and 6 by the visitors. Therefore the game is a Bernoulli
Hydraulic actuator design matrix, The range of actuator design parameters h...
The range of actuator design parameters have been provisionally assessed and are presented in Table (3). You are required to determine the following parameters: The circumfer
Assignment Help
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
ExpertsMind Services
Online Tutoring
Projects Assistance
Exam Preparation
Coursework Help
Programming Courses
Engineering Courses
Why Us ?
~Experienced Tutors
~24x7 hrs Support
~Plagiarism Free
~Quality of Work
~Time on Delivery
~Privacy of Work