Overdue Bills Case: Linear Regression and Correlation Quick Stab Collection Agency (QSCA) collects bills in an eastern town. The company specializes in small accounts and avoids risky collections, such as those in which the debtor tends to be chronically late in payments or is known to be hostile. The business can be very profitable. QSCA buys the rights to collect debts from their original owners at a substantial discount. For example, QSCA might pay $10 for the right to collect a $60 debt
Words: 1151 - Pages: 5
A Statistical Analysis of Case 32 Michael A. Wilson GM533 02/12/2012 INTRODUCTION The purpose of this analysis is to analyze the QSCA in determining if the amount or size of a bill is directly correlated to the number of days the bill is past due. In order to support the validity of this relationship, a statistical analysis of the data provided will support the relationship within 95% confidence levels. These findings should give a better understanding of the QSCA’s business and provide vital
Words: 1461 - Pages: 6
Executive Summary An analysis was performed for Quick Stab Collection Agency. This agency specializes on relatively small accounts and avoids risky collections such as debtor that tends to be chronically late with payments or is known to be hostile. The collection business can be very profitable. Quick Stab Collection Agency has been known to purchase small accounts for $10.00 to collect a debt of $60.00. The profitable of this agency depend critically on the numbers of days to
Words: 923 - Pages: 4
CASE: 32 - Overdue Bills CONTENTS 1) The Executive Summary a) Describe the most important Facts and Conclusions. 2) Introduction a) Purpose and Scope of Paper b) Questions of Interest, and/or hypotheses c) Describe the nature of the data set 3) Analysis and methods section a) Interpret the statistical summaries i) Tell the reader what you have found in the data (results, facts only). ii) Explain what those findings mean with regard to the problem (interpret results). b) Design –
Words: 1867 - Pages: 8
