The B&K Real Estate Company sells homes and is currently serving the Southeast region. It has recently expanded to cover the Northeast states. The B&K realtors are excited to now cover the entire East Coast and are working to prepare their southern agents to expand their reach to the Northeast.B&K has hired your company to analyze the Northeast home listing prices in order to give information to their agents about the mean listing price at 95% confidence. Your company offers three analysis packages: one based on a sample size of 100 listings, one based on 1,000 listings, and another based on a sample size of 4,000 listings. Because there is an additional cost for data collection, your company charges more for the package with 4,000 listings than for the package with 100 listings.Bronze Package - Sample size of 100 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $24,500Cost for service to B&K: $2,000Silver Package - Sample size of 1,000 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $7,750Cost for service to B&K: $10,000Gold Package - Sample size of 4,000 listings:95% confidence interval for the mean of the Northeast house listing price has a margin of error of $3,900Cost for service to B&K: $25,000The B&K management team does not understand the tradeoff between confidence level, sample size, and margin of error. B&K would like you to come back with your recommendation of the sample size that would provide the sales agents with the best understanding of northeast home prices at the lowest cost for service to B&K.In other words, which option is preferable?Spending more on data collection and having a smaller margin of errorSpending less on data collection and having a larger margin of errorChoosing an option somewhere in the middleFor your initial post:Formulate a recommendation and write a confidence statement in the context of this scenario. For the purposes of writing your confidence statement, assume the sample mean house listing price is $310,000 for all packages. “I am [#] % confident the true mean . . . [in context].”Explain the factors that went into your recommendation, including a discussion of the margin of errorFor your response posts to your peers, choose two different confidence intervals for your responses. Do you think the agents would prefer a different confidence interval than their management? What advantages and disadvantages would there be in having different confidence intervals for the agents? Explain your thought process and reasoning in your response.

For this Assignment, 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.To prepare for this Assignment:Review this week’s Learning Resources.Refer to the Academic Writing Expectations for 2000/3000-Level Courses as you compose your Assignment.By Day 7Submit 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 four scholarly sources to support the information you presented. You should also include detailed speaker notes, to be used as a script for delivering the presentation. Use the Week 6 Assignment Template, provided in this week’s Learning Resources, to complete this Assignment.