Statistical Evaluation for Speedy Stab Collection Agency Composition

Record Analysis pertaining to Quick Stab Collection Agency

Executive Synopsis

The purpose of the paper is to provide a record analysis of overdue charges for Speedy Stab Collection Agency (QSCA). The data will probably be taken from accounts closed over the six month period. The goal is to determine whether a relationship between the kind of account, the quantity of the bill plus the days to collection exists. To determine the lifestyle of a correlation, regression evaluation of a lot of variables was completed. This regression analysis also included forecasts. Further research also included descriptive statistical analysis, together with graphs. This examination will show the correlation is out there between the type of account and the days to collection. It will also show the fact that dollar amount the bill did not play a significant part in the days until collection. Introduction

Quick Stab Collection Agency (QSCA) is a costs collection company specializing in small less dangerous accounts. QSCA buys the rights to get debts through the original owner of the debt at an important discount. The right to collect a $50 financial debt may be purchased to get as little as $12. This case in point would suggest a profit of $40 certainly not accounting intended for costs of accomplishing business. Based upon this model QSCA will have to be selective the moment purchasing debt as generally there the potential for profit loss with non-payment.

To ensure that QSCA to keep successful they must collect the greatest amount of payments inside the shortest number of days. In an effort to attempt task, an assessment 96 accounts which were sealed out in the months of January through June was completed. This kind of review presented the data established which will be used in this evaluation.

This kind of statistical analysis will attempt to answer the following questions: пЃ¶What may be the average amount for each consideration type above the six month period? пЃ¶What is a average collection time for every bill type?

пЃ¶Is right now there a relationship between the scale bill and the number of days until collection? пЃ¶Does the type of invoice matter when it comes to days till collection? Data

A arbitrary sample of accounts closed out throughout the months of January through June was provided. Out of this file entitled OVERDUE (EXHIBIT A), all of us obtained this: пЃ¶The number of days to collect the payment.

oThe number of days to collect the repayment varied tremendously across both equally account types. The bare minimum days right up until collection was 5 days and nights and the maximum days till collection was 99 times. пЃ¶The quantity of the overdue bill

oThe amount of bills as well varied tremendously across both equally account types. The bare minimum amount because of was $46 and the maximum amount due was $311 пЃ¶Commercial accounts or Type 0

oThere were forty eight commercial accounts present throughout the six month period analyzed пЃ¶Residential account or perhaps Type 1 )

oThere had been 48 residential accounts present during the couple of months period reviewed. oThis made an equal portrayal for both the account types present. Results

пЃ¶The normal bill intended for both non commercial and commercial accounts was $174. 27 during the months of January through Summer. oThe significance of the normal being similar for both account types remains undetermined as the variables present were insufficient. пЃ¶The statistical model (Exhibit B) of the relationship involving the type of costs, days past due and the quantity of the invoice indicates the type of consideration is statistically relevant to the periods until collection. oAccount Type 0 bigger relevance after that Account Type 1

пЃ¶The statistical unit indicates this:

oThe household account or perhaps Type you took an average of 31 days and nights to collect. oThe commercial account or Type 0 required an average of 68 days to get. oThe size of the bill will not relate to the number of days the bill is past due. oType 0 accounts much more to collect regardless of the dollar amount with the bill.

Generally speaking, the record model (Exhibit B) applied would be considered valid since 63. 5% of the variance in times is described. As Show B describes...



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