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For this project, you will be tasked with creating a presentation for a group of business leaders to explain statistical p ...

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For this project, you will be tasked with creating a presentation for a group of business leaders to explain statistical process control (SPC) and to identify some examples of the use of SPC to promote sound business decisions.
You work as a business analyst within the IT Department of XYZ Corporation and have just been put on assignment as a consultant to a health care organization. In this organization, there is a clinical “Nurse Helpline” call center, which has a staff of several experienced nurses and nurse practitioners to answer telephone calls from outpatients who have concerns about their health or the treatment or medications they are receiving from the hospital. One of the leading metrics in this call center is hold times. They have a standard that any call placed on hold is not in hold status for more than 2 minutes before an interaction with a nurse. Every day, each clinic records the number of calls and the number of calls on hold answered in less than 2 minutes. The management team has concerns about the number of calls that have hold times greater than 2 minutes. They want to employ a more formal quality control process that would allow them to get ahead of the problem, which is why you have been consulted.
During your initial interactions with the hospital and management team, you talk informally about the use of statistical process control (SPC). You soon realize, however, that some members of the management team may not have a true understanding of how SPC would work in their organization. One member in particular asks a surprising question that makes you wonder if part of the management team is missing even a basic understanding of SPC. So, you decide to create a presentation that explains what statistical process control is and provide the management team with some examples of how SPC can be used in a business context to promote sound decision making. To support the information that you provide in your presentation, be sure to reference a minimum of four properly formatted, scholarly sources.
Submit your presentation based on the following prompts.
Part 1: Explaining Statistical Process Control (8–10 slides, with speaker’s notes)
Define statistical process control (SPC) and briefly describe the history of SPC, focusing on its origins. (2 slides)
Provide an example of a control chart (either one you create or one you locate on the web) and label the parts of the chart. (1 slide)
Describe the derivation of the center line and control limits on a control chart and the meaning of each. (1–2 slides)
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Describe at least two signals of special cause variation that might be detected in a control chart. (2–3 slides)
Part 2: Applications of SPC in Business Decision Making (5–8 slides, with speaker’s notes)
Identify at least two examples of the application of SPC in a business context. Select examples from multiple industries (e.g., manufacturing, health care, and service). For each example, describe how SPC was used to improve process, achieve better outcomes, and support sound decision making. (2–4 slides)
For each type of process variation, describe the implications for management action. (2 slides)
In conclusion, provide three potential benefits of SPC to the health care organization. Specifically, how might SPC help the company make sound decisions to the end of achieving its goals? Also, what, if any, drawbacks do you see to using SPC? Identify two possible risks of the use of SPC that the organization should be aware of. (1–2 slides)
Note: Your presentation should adhere to the template provided. It should consist of 13–18 slides, not including the title slide and References slide that includes properly formatted citations for a minimum of fourscholarly sources to support the information you presented. You should also include detailed speaker notes, to be used as a script for delivering the presentation.

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Use the real estate data that is give in question 1 and 2.And complete the Sampling Distributions - Real Estate questions 3 and 4.1. Review the data and for the purpose of
this project please consider the 100 listing prices as a population. - Explain what your computed population mean and population standard deviation were.Answer -Population mean is
an average of 100 listing prices, μ = (Σ * X)/ N
= $67,118,514/100 = $671,185.14. The computed
population mean for the 100 listing prices was $671,185.14. Population Standard Deviation is a measure of how spreads out numbers are. Researchers use statistics to estimate parameters, refer to a numerical property of a population. The real estate population Standard Deviation was σ= $274,980.89.2. Divide the 100 listing prices into 10 samples of n=10 each. Each of your 10 samples will tend to be random if the first sample includes houses 1 through 10 on your spreadsheet, the second sample consists of houses 11 through 20, and so on.Compute the mean of each of the 10 samples and list them:Answer- n=10 (Sample 1: listings 1-10) Mean = $561,808.90 n=10 (Sample 2: listings 11-20) Mean = $602,175.00 n=10 (Sample 3: listings 21-30) Mean = $783,299.50 n=10 (Sample 4: listings 31-40) Mean = $738,140.00 n=10 (Sample 5: listings 41-50) Mean = $842,058.80 n=10 (Sample 6: listings 51-60) Mean = $817,098.80 n=10 (Sample 7: listings 61-70) Mean = $626,167.60 n=10 (Sample 8: listings 71-80) Mean = $671,445.00 n=10 (Sample 9: listings 81-90) Mean = $498,889.00 n=10 (Sample 10: listings 91-100) Mean = $570,768.80 3. Compute
the mean of those 10 means.- Explain
how the mean of the means is equal, or
not, to the population mean of the 100 listing prices
from above.4. Compute
the standard deviation of those 10 means and compare the standard deviation of
the 10 means to the population standard deviation of all 100 listing
prices.- Explain
why it is significantly higher, or lower, than the population standard
deviation.For additional information use the attachment as reference.

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For this project, you will be tasked with creating a presentation for a group of business leaders to explain statistical process control (SPC) and to identify some examples of the use of SPC to promote sound business decisions.
You work as a business analyst within the IT Department of XYZ Corporation and have just been put on assignment as a consultant to a health care organization. In this organization, there is a clinical “Nurse Helpline” call center, which has a staff of several experienced nurses and nurse practitioners to answer telephone calls from outpatients who have concerns about their health or the treatment or medications they are receiving from the hospital. One of the leading metrics in this call center is hold times. They have a standard that any call placed on hold is not in hold status for more than 2 minutes before an interaction with a nurse. Every day, each clinic records the number of calls and the number of calls on hold answered in less than 2 minutes. The management team has concerns about the number of calls that have hold times greater than 2 minutes. They want to employ a more formal quality control process that would allow them to get ahead of the problem, which is why you have been consulted.
During your initial interactions with the hospital and management team, you talk informally about the use of statistical process control (SPC). You soon realize, however, that some members of the management team may not have a true understanding of how SPC would work in their organization. One member in particular asks a surprising question that makes you wonder if part of the management team is missing even a basic understanding of SPC. So, you decide to create a presentation that explains what statistical process control is and provide the management team with some examples of how SPC can be used in a business context to promote sound decision making. To support the information that you provide in your presentation, be sure to reference a minimum of four properly formatted, scholarly sources.
Submit your presentation based on the following prompts.
Part 1: Explaining Statistical Process Control (8–10 slides, with speaker’s notes)
Define statistical process control (SPC) and briefly describe the history of SPC, focusing on its origins. (2 slides)
Provide an example of a control chart (either one you create or one you locate on the web) and label the parts of the chart. (1 slide)
Describe the derivation of the center line and control limits on a control chart and the meaning of each. (1–2 slides)
Explain the two types of process variation—common cause and special cause. (2 slides)
Describe at least two signals of special cause variation that might be detected in a control chart. (2–3 slides)
Part 2: Applications of SPC in Business Decision Making (5–8 slides, with speaker’s notes)
Identify at least two examples of the application of SPC in a business context. Select examples from multiple industries (e.g., manufacturing, health care, and service). For each example, describe how SPC was used to improve process, achieve better outcomes, and support sound decision making. (2–4 slides)
For each type of process variation, describe the implications for management action. (2 slides)
In conclusion, provide three potential benefits of SPC to the health care organization. Specifically, how might SPC help the company make sound decisions to the end of achieving its goals? Also, what, if any, drawbacks do you see to using SPC? Identify two possible risks of the use of SPC that the organization should be aware of. (1–2 slides)
Note: Your presentation should adhere to the template provided. It should consist of 13–18 slides, not including the title slide and References slide that includes properly formatted citations for a minimum of fourscholarly sources to support the information you presented. You should also include detailed speaker notes, to be used as a script for delivering the presentation.

Negatively skewed distribution

In a negatively skewed distribution, Alisha scored the mean, Ken scored the median, and Catherine scored the mode. Wh ...

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In a negatively skewed distribution, Alisha scored the mean, Ken scored the median, and Catherine scored the mode. Who had the highest score?

Sampling Distributions – Real Estate?, homework help

Use the real estate data that is give in question 1 and 2.And complete the Sampling Distributions - Real Estate questions ...

Sampling Distributions – Real Estate?, homework help

Use the real estate data that is give in question 1 and 2.And complete the Sampling Distributions - Real Estate questions 3 and 4.1. Review the data and for the purpose of
this project please consider the 100 listing prices as a population. - Explain what your computed population mean and population standard deviation were.Answer -Population mean is
an average of 100 listing prices, μ = (Σ * X)/ N
= $67,118,514/100 = $671,185.14. The computed
population mean for the 100 listing prices was $671,185.14. Population Standard Deviation is a measure of how spreads out numbers are. Researchers use statistics to estimate parameters, refer to a numerical property of a population. The real estate population Standard Deviation was σ= $274,980.89.2. Divide the 100 listing prices into 10 samples of n=10 each. Each of your 10 samples will tend to be random if the first sample includes houses 1 through 10 on your spreadsheet, the second sample consists of houses 11 through 20, and so on.Compute the mean of each of the 10 samples and list them:Answer- n=10 (Sample 1: listings 1-10) Mean = $561,808.90 n=10 (Sample 2: listings 11-20) Mean = $602,175.00 n=10 (Sample 3: listings 21-30) Mean = $783,299.50 n=10 (Sample 4: listings 31-40) Mean = $738,140.00 n=10 (Sample 5: listings 41-50) Mean = $842,058.80 n=10 (Sample 6: listings 51-60) Mean = $817,098.80 n=10 (Sample 7: listings 61-70) Mean = $626,167.60 n=10 (Sample 8: listings 71-80) Mean = $671,445.00 n=10 (Sample 9: listings 81-90) Mean = $498,889.00 n=10 (Sample 10: listings 91-100) Mean = $570,768.80 3. Compute
the mean of those 10 means.- Explain
how the mean of the means is equal, or
not, to the population mean of the 100 listing prices
from above.4. Compute
the standard deviation of those 10 means and compare the standard deviation of
the 10 means to the population standard deviation of all 100 listing
prices.- Explain
why it is significantly higher, or lower, than the population standard
deviation.For additional information use the attachment as reference.

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