What variable has impact on the cost of claim

Assignment Help Operation Management

Reference no: EM13970715

Refer to the Regression Models file in the Week 1 folder. That file provides you with information on the regression model used to explain and predict the cost of claims for the insurance company.

Please the following questions:

1. Can this model be used for studying the cost of claim? (why?)

2. How well does model explain the cost of claim? (please indicate the percentage)

3. What variable(s) has(ve) impact on the cost of claim?

4. What type of claim is the most costly to your company? (average dollar amount)

5. Does damage caused by theft play a significant role in company's performance?

Reference no: EM13970715

Questions Cloud

Discuss the steps involved in the training design process : Discuss the steps involved in the training design process. think of a training course you have experienced. Describe the training, and give examples of how you think the design process was used throughout the training. at least 200 words in length.

Successful in the training and development field : The american society for training and development's 2004 competency model describes "what it takes for an individual to be successful in the training and development field." summarize the model in terms of defining "what it takes."

Nonlinear nature of the queuing theory models : This problem is intended to illustrate the nonlinear nature of the queuing theory models.

Providing free polio vaccines : Agency in Venezuela is providing free polio vaccines. Patient arrivals seem to be random throughout the day, with an average of 288 per day. The public health nurse can provide up to 360 doses per day. What service parameter would need to be defined..

What variable has impact on the cost of claim : Refer to the Regression Models file in the Week 1 folder. That file provides you with information on the regression model used to explain and predict the cost of claims for the insurance company. How well does model explain the cost of claim? (please..

Products life-cycle stage to affect its product strategy : Is it possible for a product's life-cycle stage to affect its product strategy? Describe how one product in growth and another in maturity might have different product strategies.

What is not an organizational behaviour trend : If an organization increases its span of control, what is required as below? What is not an organizational behaviour trend? Using the options below, what is involved in Organizational politics? What is Organizational socialization? Choose the best An..

Which trade theory do you think best explain trade flows : Which trade theory do you think best explain trade flows between the United States and China? Why? Do you think that China is pursuing an economic policy that can be characterized as neo-mercantilist?

Require the patients to be educated with the new system : How is reflecting the nursing practice in patient care the changes in the health care delivery system which require the patients to be educated with the new system?

User Account

All Pages