Table: Insurance Claim Approval Times

(Days)
Elapsed New Elapsed
Old Process Time Process Time
Week Week
1 32 13 30
2 30 14 24.6
3 35.8 15 33
4 36 16 20
5 30.5 17 23.5
6 34.5 18 22.6
7 39.5 19 27.4
8 38.5 20 22.7
9 39 21 25.5
10 41.5 22 23.2
11 39.6 23 21.5
12 40.3 24 20.5

Averages 36.43333 24.54167

Week 1 week 2 old process new process
b0 b1 X0 X1
1 13 32 30
2 14 30 24.6
3 15 35.8 33 Regression 1
4 16 36 20 SUMMARY OUTPUT
5 17 30.5 23.5
6 18 34.5 22.6 Regression Statistics
7 19 39.5 27.4 Multiple R 0.835266
8 20 38.5 22.7 R Square 0.697668
9 21 39 25.5 Adjusted R 0.667435
10 22 41.5 23.2 Standard E 2.079265
11 23 39.6 21.5 Observatio 12
12 24 40.3 20.5
ANOVA
df SS MS
Regression 1 99.76659 99.76659
Residual 10 43.23341 4.323341
Total 11 143

Coefficients
Standard Error t Stat
Intercept -21.28922 5.815925 -3.660504
X0 0.762742 0.15878 4.803777
 Regression 2
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.554113
R Square 0.307041
Adjusted R 0.237745
Standard E 3.147906
Observatio 12

ANOVA
F Significance F df
23.07627 0.00072 Regression 1
Residual 10
Total 11

P-value Lower 95%Upper 95%Lower 95.0%

Upper 95.0% Coefficients
0.004385 -34.2479 -8.330528 -34.2479 -8.330528 Intercept 31.09554
0.00072 0.408959 1.116524 0.408959 1.116524 X1 -0.513231
 SS MS F Significance F
43.90689 43.90689 4.430872 0.061561
99.09311 9.909311
143

Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%

Upper 95.0%
6.05234 5.137771 0.000439 17.61008 44.58099 17.61008 44.58099
0.243819 -2.104964 0.061561 -1.056494 0.030032 -1.056494 0.030032