wk 4 team assignment
The Payment Time Case Grading Guide QNT/561 Version 9 |
The Payment Time Case Grading Guide
QNT/561 Version 9
Applied Business Research and Statistics
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Individual Assignment: Expansion Strategy and Establishing a Re-order Point Purpose of Assignment
Microsoft Excel®
Payment Time Case Study
Payment Time Case Data Set
Content | Met | Partially Met | Not Met | Comments: |
Review the Payment Time Case Study and Data Set. |
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Develop a 700-word report including the following calculations and using the information to determine whether the new billing system has reduced the mean bill payment time: • Assuming the standard deviation of the payment times for all payments is 4.2 days, construct a 95% confidence interval estimate to determine whether the new billing system was effective. State the interpretation of 95% confidence interval AND state whether or not the billing system was effective. • Using the 95% confidence interval, can we be 95% confident that µ ≤ 19.5 days? • Using the 99% confidence interval, can we be 99% confident that µ ≤ 19.5 days? • If the population mean payment time is 19.5 days, what is the probability of observing a sample mean payment time of 65 invoices less than or equal to 18.1077 days? | ||||
| Total Available | Total Earned | ||
#/3 |
Writing Guidelines | Met | Partially Met | Not Met | Comments: |
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. | ||||
Intellectual property is recognized with in-text citations and a reference page. | ||||
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. | ||||
Sentences are complete, clear, and concise. | ||||
Rules of grammar and usage are followed including spelling and punctuation. | ||||
Total Available | Total Earned | |||
| #/2 |
Assignment Total | # | 5 | #/5 | |
Additional comments: |