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 versus >$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
59
50
64
62 47
Fair
<$500,000
Western
81
58
69
65 74
Good
>$500,000
Western
38
52
58
60 65
Fair
>$500,000
Western
146 159 133
143 129
Good
<$500,000 Eastern
28
26
38
41 21
Fair
<$500,000 Eastern
42 53
40
50 64
Good
>$500,000 Eastern
49
31
49
42 38
Fair
>$500,000 Eastern
106 115
126 118 138
First, conduct an analysis
using the following steps:
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.
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