Access over 20 million homework & study documents

Payment

Content type
User Generated
Subject
Statistics
Type
Homework
Rating
Showing Page:
1/4
Running head: PAYMENT TIME CASE STUDY ANALYSIS REPORT 1
Payment Time Case Study Analysis Report
Name
Course
Institution

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/4
PAYMENT TIME CASE STUDY ANALYSIS REPORT 2
The focus of the organization is to create a billing system that would significantly reduce
the billing time for its customers and ensure that payments are made earlier. The prior information
that has been able to detect that the old billing systems used to take approximate time of 39 days
or more which shows that there was a significant need to create a better system that could reduce
the number of days. There is need to determine if the new system is likely to have reduced the
number of times within which the payments will be made. This will ensure that the organization
has a better picture of how to plan and effect their operations. The consulting company believes
that the new billing system is effective in the sense that it can reduce the billing time to half of the
39 days average to 19.5 having a standard deviation of 4.2 days.
From the sample of 65, which was analyzed, the average time taken was 18.11, which is
significant in this case, since it is much lower than the average 19.5 that was expected by the
consulting firm. The 18.11 average obtained is a representation of the overall time taken for billing
since in situations where the billing is lower that the targeted 19.5, it shows that it is indeed true
the new system is likely to provide half the time taken with the old system.
PayTime
Mean
18.10769231
Standard Error
0.491330159
Median
17
Standard Deviation
4.2
Sample Variance
15.69134615
Kurtosis
0.033812161
Skewness
0.600799026
Range
19
Count
65
Confidence Level (95.0%)
0.981544829
upper limit
19.08923714
lower limit
17.12614748

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/4

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 4 pages?
Access Now
Unformatted Attachment Preview
Running head: PAYMENT TIME CASE STUDY ANALYSIS REPORT Payment Time Case Study Analysis Report Name Course Institution 1 PAYMENT TIME CASE STUDY ANALYSIS REPORT 2 The focus of the organization is to create a billing system that would significantly reduce the billing time for its customers and ensure that payments are made earlier. The prior information that has been able to detect that the old billing systems used to take approximate time of 39 days or more which shows that there was a significant need to create a better system that could reduce the number of days. There is need to determine if the new system is likely to have reduced the number of times within which the payments will be made. This will ensure that the organization has a better picture of how to plan and effect their operations. The consulting company believes that the new billing system is effective in the sense that it can reduce the billing time to half of the 39 days average to 19.5 having a standard deviation of 4.2 days. From the sample of 65, which was analyzed, the average time taken was 18.11, which is significant in this case, since it is much lower than the average 19.5 that was expected by the cons ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Very useful material for studying!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4