MAT 510 (MAT 510)

Case Study: Mortgage Approval Time Study 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 good versus fair credit history, the size of the mortgage (less than $500,000 versus greater than $500,000), and the region of the United States (western versus eastern) on the time it takes to get a mortgage approved. The database of mortgages approved in...

MAT 510 Week 7 Homework Assignment 6 The data in the table below is from a study conducted by an insurance company to determine the effect of changing the process by which insurance claims are …… The goal was to improve policy holder satisfaction by speeding up the process. And eliminating some non-value-added approval steps in the process. The response measured was the average time ….to approve and mail all claims initiated in a week. The new procedure was ….for 12 weeks, and the resul...

MAT 510 Midterm Exam (50 Questions and Answers) Why is it so difficult for a person or an organization to improve? A SIPOC map is: Problem solving activities typically include: Understanding variation is important because variation: Improvement is needed for an organization to survive because: In the soccer case study, Coach Hau developed a flowchart of the steps one goes through to properly “head” the ball, and then developed unique drills to develop the team’s skills in each of these st...

DESCRIPTION MAT 540 WEEK 8 CASE STUDY 2: IMPROVING E-MAIL MARKETING RESPONSE MAT 510 Week 8 Case Study 2 Use the data shown in the table to conduct a design of experiment (DOE) in order to test cause-and-effect relationships in business processes for the company. Determine the graphical display tool that you would use to present the results of the DOE that you conducted in Question 1. Provide a rational for your response. Recommend the main actions that the company could take in order to incr...

MAT 510 Midterm Exam • Question 1 4 out of 4 points Improvement is needed for an organization to survive because: • Question 2 4 out of 4 points The principal drivers of the rapid change in the global economy are: • Question 3 4 out of 4 points Problem solving activities typically include: • Question 4 0 out of 4 points Process average or mean: • Question 5 4 out of 4 points Why is it so difficult for a person or an o...

MAT 510 Week 11 Exam- Questions and Answers Strayer University/MAT 510 Week 11 Exam- Questions and Answers Strayer University/MAT 510 Week 11 Exam- Questions and Answers Strayer University Question 1 4 out of 4 points The principal drivers of the rapid change in the global economy are: Question 2 4 out of 4 points What is tool that can be used to detect the structure variation? Answer Question 3 4 out of 4 points Improving the quality of ...

The principal drivers of the rapid change in the global economy are: Question 2 4 out of 4 points What is tool that can be used to detect the structure variation? Answer Question 3 4 out of 4 points Improving the quality of process measurements is: Answer Question 4 4 out of 4 points Sub-optimization occurs when: Answer Question 5 4 out of 4 points Which type of variation was critical to resolving t...

MAT 510 WEEK 5 MIDTERM EXAM • Question 1 Lean manufacturing, Six Sigma, Total Quality Management are some of the new systems for managing and improving an organization. What is a common theme running through these approaches? • Question 2 Which of the following are principles of Statistical Thinking? • Question 3 Improvement is needed for an organization to survive because: • Question 4 Process improvement activities typically include: ...

MAT 540 Final Exam In an unbalanced transportation model, supply does not equal demand and one set of constraints uses ≤ signs. In a transshipment problem, items may be transported from destination to destination and from source to source. Adjusted exponential smoothing is an exponential smoothing forecast adjusted for seasonality. A cycle is an up and down movement in demand that repeats itself in less than 1 year. If we are solving a 0-1 integer programming problem, the constraint x1 = x2 i...