Expert Answer:Mortgage Approval Time Study Power points

Answer & Explanation:Discipline:
Mathematics

Type of service:
Power Point Presentation

Spacing:
Double spacing

Paper format:
MLA

Number of slides:
10 slides

Number of sources:
0 source

Paper detalis:
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
create a PPT presentation to communicate the data analysis you
completed. Your presentation must follow these formatting requirements:
FULL ASSIGNMENT DETAILS ATTACHED
assignment_description.docx

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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 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
Good
<$500,000 Western Fair <$500,000 Western Good >$500,000
Western
Fair
>$500,000
Western
Good
<$500,000 Eastern Fair <$500,000 Eastern Good >$500,000
Eastern
Fair
>$500,000
Eastern
Approval Times (Days)
59
50
64
62
81
58
69
65
38
52
58
60
146
159
133
143
28
26
38
41
42
53
40
50
49
31
49
42
106
115
126
118
47
74
65
129
21
64
38
138
First, conduct an analysis using the following steps:
1. 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?
2. 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.
3. 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.)
4. 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?)
5. Propose one overall recommendation to the financial services company, based on the DOE, that
could help reduce mortgage approval times.
6. 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.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and
language and writing skills, using the following rubric:

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