High-Low Method and Regression Analysis

June 25, 2022

High-Low Method and Regression Analysis
Order ID 35675990
Type Essay
Writer Level Masters
Style APA/MLA/CHICAGO
Sources/References 4
Perfect Number of Pages to Order 5-10 Pages
Description/Paper Instructions
High-Low Method and Regression Analysis

Final Project
The Final Project should demonstrate an understanding of the reading assignments, class discussions, your own research and the application of new knowledge. It should utilize previous skills developed in foundational health care courses and apply them within the context and viewpoint of a health care administrator and their role in managing health and human services.
For the Final Project, select one of the following topics and conduct scholarly and professional research while integrating the course’s learning outcomes to address a selected topic:
Present how strategic planning, performance improvement, and information systems are interrelated and fundamental to the delivery of quality health care.
Research Requirements
Academic research and papers must meet certain standards of quality that are recognized by the academic community. What constitutes quality academic research?
The use of primary (original), credible sources written by experts in the field of study.
Ensuring secondary sources are supported by research in primary sources.
Making sure all research is relevant and that material used is pertinent to the area of study.
In graduate work, the use of peer-reviewed journal articles (journal articles reviewed by recognized experts in the relevant field of study) is required.
Keep in mind that educational websites may be appropriate, in some cases, but should be evaluated carefully.
The Ashford University Library offers many excellent databases and other resources to assist you in conducting scholarly research.
What sources are not acceptable for academic research and referencing?
Encyclopedias
Dictionaries
Wikipedia, other wikis, or blogs
Websites and other sources that do not provide quality researched materials (e.g., they do not use credible sources to support the information in the document).
All research must reflect professional academic protocol and must be documented according to APA standards as outlined in the Ashford Writing Center.
Creating the Final Project
You may choose to present your research is the form of an eight- to ten-page research paper (excluding title and reference pages) or a comprehensive 10- to 15-slide PowerPoint presentation (excluding title and reference slides) with detailed speaker notes. In either case, the content of the assignment must include each of the elements listed below:

Introduction
Describe the issue. Include why it was selected, the perspective of your approach to the issue, and the scope of the paper or presentation. In essence, describe in this area what is being covered. Be specific and to the point. This is an important part of the project as it engages the reader and sets the scope of the research.
Statement of the Issue to be Investigated
Describe why the topic is a relevant problem or issue. It is important to provide literature sources in support of the importance of the need/issue/topic. For example, if you are interested in researching the issue of nutrition in early childhood brain development among American children – cite literature identifying the scope of the problem (for example: the number of malnourished children, the implications of malnourishment on learning and brain development; and long term implications). Overall, this section should detail what makes this topic or issue so important that you are spending time and energy researching it. What is the impact of the problem if nothing is done to correct the situation?
Research Sources
This section documents the relevant research reflecting the topic of the Final Project. In this section, paraphrased narratives of the actual research studies are reported and should represent the current research related to the topic area. In general, your research should:
Identify your chosen topic and what has happened in the specific research of the topic (describe the study, sample, findings, important points from the discussion in the research article, and any variables that may influence the findings of the research).
Discuss any key elements of the topic that may be instructional, legal, ethical, social, etc. (what is projected if nothing is done? what has been tried?). Support this section with relevant resource citations.
Provide an analysis of the research articles used, including: explaining what was done in the study, what the target population was, information about who did the research (the author), what was found with the study, and any implications of the findings to your topic or issue.

Conclusion
In this section, provide a general, but thorough summary reviewing: why the topic was selected; the problem or issue briefly stated; the approach that was used; findings; and solutions. In this section, the reader or audience should have a good idea of what the researcher did and what was found.
References
The references should be listed on a new page or slide and must be formatted according to APA requirements as outlined in the Ashford Writing Center. You must use a minimum of six to eight scholarly sources.
Howard anticipates that KMW will operate machines for 100,000 hours in quarter 13. Calculate the predicted maintenance costs in quarter 13 using the cost function estimated in requirement 1.
High-low method and regression analysis. Local Harvest, a cooperative of organic family-owned farms outside of Columbus, Ohio, has recently started a fresh produce club to provide support to the group’s member farms, and to promote the benefits of eating organic, locally-produced food to the nearby suburban community. Families pay a seasonal membership fee of $50, and place their orders a week in advance for a price of $40 per week. In turn, Local Harvest delivers fresh-picked seasonal local produce to several neighborhood distribution points. Eight hundred families joined the club for the first season, but the number of orders varied from week to week.
Harvey Hendricks has run the produce club for the first 10-week season. Before becoming a farmer, Harvey had been a business major in college, and he remembers a few things about cost analysis. In planning for next year, he wants to know how many orders will be needed each week for the club to break even, but first he must estimate the club’s fixed and variable costs. He has collected the following data over the club’s first 10 weeks of operation:
Week Number of Orders per Week Weekly Total Costs
1 351 $18,795
2 385 21,957
3 410 22,800
4 453 22,600
5 425 21,900
6 486 24.600
7 455 23,900
8 467 22,900
9 525 25,305
10 510 24,500
Required
Plot the relationship between number of orders per week and weekly total costs.
Estimate the cost equation using the high-low method, and draw this line on your graph.
Harvey uses his computer to calculate the following regression formula:
Total weekly costs = $8,631 + ($31.92 × Number of weekly orders)
Draw the regression line on your graph. Use your graph to evaluate the regression line using the criteria of economic plausibility, goodness of fit, and significance of the independent variable. Is the cost function estimated using the high-low method a close approximation of the cost function estimated using the regression method? Explain briefly.
Did Fresh Harvest break even this season? Remember that each of the families paid a seasonal membership fee of $50.
Assume that 900 families join the club next year, and that prices and costs do not change. How many orders, on average, must Fresh Harvest receive each week to break even?
Excellent (4) Good (3) Needs Improvement (2) Poor (1)
Language/Spelling/
Grammar
Presentation has no spelling or punctuation errors and very few grammatical errors. Very well written and excellent use of business language. Presentation has a few punctuation or spelling errors. Few grammatical errors that don’t affect meaning. Well written and use of business language is acceptable. Presentation has some punctuation or spelling errors. Some grammatical errors but generally don’t affect meaning. Language is satisfactory overall but use of more appropriate business language is required. Presentation has numerous punctuation or spelling errors. Numerous grammatical errors that affect meaning. Language used is unprofessional and not appropriate for business use.
Presentation Organization and Formatting Relevant sections are included, and each is organized effectively. Formatting is professional and consistent and includes all required elements. Relevant sections are included but could be a little better organized. Formatting is acceptable and/or one or two required elements are missing. Relevant sections are included but organization could be improved. Formatting is inconsistent and/or many elements are missing or not formatted appropriately. Sections are missing and/or poorly organized. Formatting is messy and unprofessional.
Presentation Content/Thinking Presentation Content is comprehensive and detailed. Thinking and ideas are presented clearly, are engaging and thorough. Presentation Content is sufficient. Thinking and ideas are clear but could be expanded to be more thorough. Presentation Content is fairly basic and/or thinking and ideas lack some clarity and depth. Presentation Content is very basic and thinking and ideas are superficial and lack clarity.
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High-Low Method and Regression Analysis