How to conduct analyses of clients insurability

Assignment Help Operation Management
Reference no: EM131439500

As part of an insurance company's training program, employees learn how to conduct analyses of client's insurability. The goal is to have employees achieve a completion time between 30 to 45 minutes. Test results for three employees were: Alex, a mean of 38 minutes and a standard deviation of 3 minutes; Brian, a mean of 37 minutes and a standard deviation of 2.5 minutes a mean of 37.5 minutes and a standard deviation of 2 minutes. Which participants would you judge to be capable? Why?

Reference no: EM131439500

Questions Cloud

Financial institutions would have been adversely affected : If AIG had been allowed to fail, what types of financial institutions would have been adversely affected? Who benefited from the bailout of AIG? In return, the Fed owned 79.9% of AIG's equity, the right to replace management, and veto power over all ..
Require drivers to carry liability insurance : Would the accident rate be higher or better if states did not require drivers to carry liability insurance? If people were not required to have liability insurance I do not feel that it will affect the occurrence of accidents. Accidents are called ac..
What are key elements to applying professional skepticism : Skeptical Lens Professional skepticism is at the core of ultimately performing a quality audit. Below are three case studies that will focus your attention on what it takes to be a skeptical auditor when performing journal entry testing. Given the kn..
Thick-client application for mobile devices : Suppose you work at AllRoad and Kelly asks you to list five criteria she should use when considering whether AllRoad should develop a thin- or thick-client application for mobile devices. Justify your criteria.
How to conduct analyses of clients insurability : As part of an insurance company's training program, employees learn how to conduct analyses of client's insurability. The goal is to have employees achieve a completion time between 30 to 45 minutes. Test results for three employees were: Alex, a mea..
Advisable to push more material to increase utilization : A production plant is not operating at 100% (utilization) of its equipment capacity. The marketing manager may find this unacceptable. As a supply chain manager, who do you explain that it may not always be advisable to push more material to increase..
Market entry plan-political and legal environment : Political stability is commonly related to the type of government and degree of corruption present in a country. In addition, a company may face various business regulations when conducting international business. In this module, your goal is to iden..
Many tools or artifacts in the agile methodology : There are many tools or artifacts in the Agile methodology that are used to communicate project information to the project owner, team members and stakeholders. Choose two tools to research and discuss with your classmates. Include a picture in your ..

Reviews

Write a Review

Operation Management Questions & Answers

  Which one of the two forecasting methods is more accurate

According to MSE criterion, which one of the two forecasting methods is more accurate?

  The goal is to submit random sampling plan

The goal is to submit a random sampling plan in such detail that another researcher could replicate the method: Discuss the target population and brief reasoning for company Walmart?

  What is the next largest number of passengers they can carry

Trinity Bus Lines wants to maximize the number of passengers it can carry from Far Point to Newtown. Bus A can carry 60 passengers and costs $2,700 per month to run. Bus B can carry 48 passengers and costs $1,800 per month to run. What is the next la..

  How management has adapted technology to human ability

Explain how management has adapted technology to human ability; and where technology has demanded new abilities, how has management innovated.

  Building the right collaborative model

How does "Building the Right Collaborative Model" apply to your current workplace? Does it characterize the organization? Would a greater emphasis on Discipline 4 enhance the ability of the organization to achieve its collaboration goals? How? Why?

  Whenever interest rates are low there is danger of inflation

Whenever interest rates are low there is a danger of inflation. I think such a danger exists now because the Federal Reserve has reduced interest rates substantially. Newton was an abstract thinker because all scientist are abstract thinkers and Newt..

  How many boots should it order from its supplier

If Teddy Bower decides to include these boots in its assortment, how many boots should it order from its supplier? Suppose Teddy Bower orders 380 boots. What would its fill rate be? Suppose Teddy Bower orders 3 80 boots. What would its expected profi..

  How does mild hypoxia affect airline crew

Write a proposal in maximum 1500 Words for dissertation which is about Mild Hypoxia. Research question is : How does mild hypoxia affect airline crew? or it could be: How does Mild Hypoxia affect aircrew? Dissertation is basically going to be a syste..

  Describe each type of private insurance

Describe each type of private insurance listed in your text including Medicare, Medicaid, and SCHIP.

  Describe the five phases of a project

Determine which project might be implemented and why (e.g. feasibility study, breakeven analysis, etc). Describe the five phases of a project

  Describe matrix structure for an organization

Describe in detail a matrix structure for an organization. What types of competencies and technologies would be best suited for this kind of structure?

  What are some of the challenges associated

What are some of the challenges associated with increasing capacity in a service business??? Select a type of service operation and offer at least three ways that they could increase their capacity.?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd