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MAT510 Strayer University Week 8 Mortgage Approval Time Study Presentation
Week 8 Case Study 2 - Submit Here
Case Study 2: Mortgage Approval Time Study
Due Week 8 and worth 190 points
...
MAT510 Strayer University Week 8 Mortgage Approval Time Study Presentation
Week 8 Case Study 2 - Submit Here
Case Study 2: Mortgage Approval Time Study
Due Week 8 and worth 190 points
Read the following case study:
A major financial services company wishes to better understand its mortgage approval process. In particular, the company is interested in learning about the effects of credit history (good versus fair), the size of the mortgage ($500,000), and the region of the United States (western versus eastern) on the amount of time it takes to get a mortgage approved. The database of mortgages approved in the last year is accessed, and a random sample of five approved mortgages is selected for each of the eight combinations of the three variables. The data are shown in the table
Mortgage Approval Time Study
Credit History Mortgage Size Region Approval Times (Days)
Good $500,000 Western 146 159 133 143 129
Good $500,000 Eastern 106 115 126 118 138
First, conduct an analysis using the following steps:
Use the data shown in the table to conduct a design of experiment (DOE) in Microsoft Excel in order determine the nature and magnitude of the effects of the three variables on mortgage approval times. What are the key drivers of this process?
Determine the graphical display tool (e.g., Interaction Effects Chart, Scatter Chart, etc.) that you would use to present the results of the DOE that you conducted in Question 1. Provide a rationale for your response.
Assess the data sampling method. Our sample contained only five mortgages per combination. Under what circumstances would it have been appropriate to select a larger sample? Is a sample of five mortgages adequate to access the relative magnitudes of the effects of the variables? What sample size would you recommend? What could you learn from a larger sample size? (Hint: Look back at chapter 2, 3, 5, and 6 for discussion of sampling.)
Provide other variable responses that might be of interest to measure and study. (Hint: If you were getting a mortgage or a loan, what are the two and most important measures of the process you would have to go through?)
Propose one overall recommendation to the financial services company, based on the DOE, that could help reduce mortgage approval times.
Use http://research.strayer.edu to identify at least two (2) quality references to support your discussion. Note: Wikipedia and other Websites do not qualify as academic resources.
Second, create a PPT presentation to communicate the data analysis you completed. Your presentation must follow these formatting requirements:
A PPT presentation with at least 10 slides that include the answers to questions 1 through 5.
A reference slide which follows APA format. Check with your professor for any additional instructions.
Formatting of the slides should be consistent and easy to read.
Cover slide containing the title of the assignment, the student's name, the professor's name, the course title, and the date.
Note: The cover slides and the reference slides are not included in the required assignment slides length.
The specific course learning outcome associated with this assignment is:
Develop recommendations to improve business processes, using statistical tools and analysis.
Abraham Lincoln University Data Set Schools a Sav Questions
Complete the following end of chapter exercises for Chapter 3.
Submit your response in an MS Word document or Pdf after i ...
Abraham Lincoln University Data Set Schools a Sav Questions
Complete the following end of chapter exercises for Chapter 3.
Submit your response in an MS Word document or Pdf after inserting the results
from SPSS Output into your document. This exercise utilizes the data set
schools-a.sav, which can be downloaded from chapter data sources referenced
above.1- You
are interested in investigating if being above or below the median income (medloinc)
impacts ACT means (act94) for schools. Complete the necessary steps to
examine univariate grouped data in order to respond to the questions below.
Although deletions and/or transformations may be implied from your examination,
all steps will examine original variables.a. How
many participants have missing values for medloinc and act94?b. Is
there a severe split in frequencies between groups?c. What
are the cutoff values for outliers in each group?d. Which
outlying cases should be deleted for each group?e. Analyzing
histograms, normal Q-Q plots, and tests of normality, what is your conclusion
regarding normality? If a transformation is necessary, which one would you use?f. Do
the results from Levene’s test for equal variances indicate homogeneity of
variance? Explain. 2- You
are interested in studying predictors (math94me, loinc93,
and read94me) of the percentage graduating in 1994 (grad1994).a. Examine
univariate normality for each variable. What are your conclusions about
distributions? What transformation should be conducted?b. After
making the necessary transformations, examine multivariate outliers using
Mahalanobis distance. What cases should be deleted?c. After
deleting the multivariate outliers, examine multivariate normality and
linearity by creating a Scatterplot Matrix.d. Examine
the variables for homoscedasticity by creating a residuals plot (standardized
vs. predicted values). What are your conclusions about homoscedasticity?Please use APA format with references.
RSCH8210 Walden University WK7 Research Design for One Way ANOVA Paper
Write a 3- to 5-paragraphs critique of the article. In your critique, include responses to the following:Which is the rese ...
RSCH8210 Walden University WK7 Research Design for One Way ANOVA Paper
Write a 3- to 5-paragraphs critique of the article. In your critique, include responses to the following:Which is the research design used by the authors?Why did the authors use ANOVA test?Do you think it’s the most appropriate choice? Why or why not?Did the authors display the data?Do the results stand alone? Why or why not?Did the authors report effect size? If yes, is this meaningful?
Module 06 Homework Worksheet, statistics homework help
For the module 6 Homework, please download the Microsoft Word document using the link below and follow the directions incl ...
Module 06 Homework Worksheet, statistics homework help
For the module 6 Homework, please download the Microsoft Word document using the link below and follow the directions included in the assignment. Please complete the attached worksheet.Module 06 Homework assignment
12 pages
Nclex Memorial Hospital In The Infectious Diseases Unit
In the NCLEX Memorial Hospital in the Infectious Diseases unit have noticed an increase in patients admitted with a partic ...
Nclex Memorial Hospital In The Infectious Diseases Unit
In the NCLEX Memorial Hospital in the Infectious Diseases unit have noticed an increase in patients admitted with a particular infectious
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Most Popular Content
MAT510 Strayer University Week 8 Mortgage Approval Time Study Presentation
Week 8 Case Study 2 - Submit Here
Case Study 2: Mortgage Approval Time Study
Due Week 8 and worth 190 points
...
MAT510 Strayer University Week 8 Mortgage Approval Time Study Presentation
Week 8 Case Study 2 - Submit Here
Case Study 2: Mortgage Approval Time Study
Due Week 8 and worth 190 points
Read the following case study:
A major financial services company wishes to better understand its mortgage approval process. In particular, the company is interested in learning about the effects of credit history (good versus fair), the size of the mortgage ($500,000), and the region of the United States (western versus eastern) on the amount of time it takes to get a mortgage approved. The database of mortgages approved in the last year is accessed, and a random sample of five approved mortgages is selected for each of the eight combinations of the three variables. The data are shown in the table
Mortgage Approval Time Study
Credit History Mortgage Size Region Approval Times (Days)
Good $500,000 Western 146 159 133 143 129
Good $500,000 Eastern 106 115 126 118 138
First, conduct an analysis using the following steps:
Use the data shown in the table to conduct a design of experiment (DOE) in Microsoft Excel in order determine the nature and magnitude of the effects of the three variables on mortgage approval times. What are the key drivers of this process?
Determine the graphical display tool (e.g., Interaction Effects Chart, Scatter Chart, etc.) that you would use to present the results of the DOE that you conducted in Question 1. Provide a rationale for your response.
Assess the data sampling method. Our sample contained only five mortgages per combination. Under what circumstances would it have been appropriate to select a larger sample? Is a sample of five mortgages adequate to access the relative magnitudes of the effects of the variables? What sample size would you recommend? What could you learn from a larger sample size? (Hint: Look back at chapter 2, 3, 5, and 6 for discussion of sampling.)
Provide other variable responses that might be of interest to measure and study. (Hint: If you were getting a mortgage or a loan, what are the two and most important measures of the process you would have to go through?)
Propose one overall recommendation to the financial services company, based on the DOE, that could help reduce mortgage approval times.
Use http://research.strayer.edu to identify at least two (2) quality references to support your discussion. Note: Wikipedia and other Websites do not qualify as academic resources.
Second, create a PPT presentation to communicate the data analysis you completed. Your presentation must follow these formatting requirements:
A PPT presentation with at least 10 slides that include the answers to questions 1 through 5.
A reference slide which follows APA format. Check with your professor for any additional instructions.
Formatting of the slides should be consistent and easy to read.
Cover slide containing the title of the assignment, the student's name, the professor's name, the course title, and the date.
Note: The cover slides and the reference slides are not included in the required assignment slides length.
The specific course learning outcome associated with this assignment is:
Develop recommendations to improve business processes, using statistical tools and analysis.
Abraham Lincoln University Data Set Schools a Sav Questions
Complete the following end of chapter exercises for Chapter 3.
Submit your response in an MS Word document or Pdf after i ...
Abraham Lincoln University Data Set Schools a Sav Questions
Complete the following end of chapter exercises for Chapter 3.
Submit your response in an MS Word document or Pdf after inserting the results
from SPSS Output into your document. This exercise utilizes the data set
schools-a.sav, which can be downloaded from chapter data sources referenced
above.1- You
are interested in investigating if being above or below the median income (medloinc)
impacts ACT means (act94) for schools. Complete the necessary steps to
examine univariate grouped data in order to respond to the questions below.
Although deletions and/or transformations may be implied from your examination,
all steps will examine original variables.a. How
many participants have missing values for medloinc and act94?b. Is
there a severe split in frequencies between groups?c. What
are the cutoff values for outliers in each group?d. Which
outlying cases should be deleted for each group?e. Analyzing
histograms, normal Q-Q plots, and tests of normality, what is your conclusion
regarding normality? If a transformation is necessary, which one would you use?f. Do
the results from Levene’s test for equal variances indicate homogeneity of
variance? Explain. 2- You
are interested in studying predictors (math94me, loinc93,
and read94me) of the percentage graduating in 1994 (grad1994).a. Examine
univariate normality for each variable. What are your conclusions about
distributions? What transformation should be conducted?b. After
making the necessary transformations, examine multivariate outliers using
Mahalanobis distance. What cases should be deleted?c. After
deleting the multivariate outliers, examine multivariate normality and
linearity by creating a Scatterplot Matrix.d. Examine
the variables for homoscedasticity by creating a residuals plot (standardized
vs. predicted values). What are your conclusions about homoscedasticity?Please use APA format with references.
RSCH8210 Walden University WK7 Research Design for One Way ANOVA Paper
Write a 3- to 5-paragraphs critique of the article. In your critique, include responses to the following:Which is the rese ...
RSCH8210 Walden University WK7 Research Design for One Way ANOVA Paper
Write a 3- to 5-paragraphs critique of the article. In your critique, include responses to the following:Which is the research design used by the authors?Why did the authors use ANOVA test?Do you think it’s the most appropriate choice? Why or why not?Did the authors display the data?Do the results stand alone? Why or why not?Did the authors report effect size? If yes, is this meaningful?
Module 06 Homework Worksheet, statistics homework help
For the module 6 Homework, please download the Microsoft Word document using the link below and follow the directions incl ...
Module 06 Homework Worksheet, statistics homework help
For the module 6 Homework, please download the Microsoft Word document using the link below and follow the directions included in the assignment. Please complete the attached worksheet.Module 06 Homework assignment
12 pages
Nclex Memorial Hospital In The Infectious Diseases Unit
In the NCLEX Memorial Hospital in the Infectious Diseases unit have noticed an increase in patients admitted with a partic ...
Nclex Memorial Hospital In The Infectious Diseases Unit
In the NCLEX Memorial Hospital in the Infectious Diseases unit have noticed an increase in patients admitted with a particular infectious
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