Using the Quality Summary and Call Center Data, provide a summary report for the vice president including the following information in an essay with a minimum of 500 words:
The report is as follows:
The report relates to the quality of the calls taken at a call center. The data relates to a total of 1000 calls. Thus the sample size is 1000 calls, There quality and error types have been recorded. Out of the 1000 calls , 850 calls are considered to be correct and error free. Remaining 150 of the calls are considered to be incorrect. Then there has been an analysis about the types of calls. Like what do the calls come on, what problem needs to be addressed on the call. It has been recorded that there 26.79% of the calls that relate to the coverage of the policy. 23.68% of the calls relate to the status of the claim. There are some calls that come to get their address updated. The percent of such calls is 19.57%. There are 14.11% of the calls that come in order to file a claim. Very few calls come to update the information of the claim. The percent of such calls is 6.48%. 5.36% of the calls come to update the policy , and 4.02% of the calls come to cancel the policy for them. These are various reasons of the incoming calls. We can observe than the maximum percent relates to the coverage of the policy , whereas the least number of calls relate to the cancellation of the policy.
The incoming calls turn to be incorrect due to various reasons. The categories are as follows:
Incorrect coverage
Incorrect capture of the claim
Call not transferred to save the policy
Incorrect status of the claim provided
Majority errors relate to incorrect coverage provided to the
customer. 36% of the incorrect calls are due to the error of
incorrect coverage provided to the customer
28% of the incorrect calls are due to the incorrect capturing of the claim ,. This means that the claim is recorded or understood and mentioned incorrectly. This leads to no solution of the exact claim of the customer.
21% of the calls are considered to be incorrect if they are not transferred to the higher level , in order to give a try to save the policy from being cancelled. This is an important aspect , as this leads to loss of customers.
Last and the least number of incorrect calls relate to providing wrong status of the claim to the customers, this creates wrong expectations among the customers and results in dissatisfied customers. The percent of such calls is 15% of the total incorrect calls.
Thus like this we get to know what the incoming calls relate to and how it can be addressed better, plus we also get to know the quality rate of the calls. On indepth analysis we were able to find the errors made on call and this helps us to know on which areas do we need to work upon and ensure that the call quality improves in future. We can find ways to make sure that each type of error is addressed properly and action must be taken on providing incorrect information to the customer..
.
Answer to question number 1)
if there are n = 15 calls
we need to find the probability of 2 or less errors
P (error) = 0.15
.
Then we make use of binomial probability formula:
P(x < = 2) = P(x=0) + P(x=1) + P(x=2)
P(x=0) = 15C0 0.15^0 0.85^15 = 0.08735
P(x=1) = 15C1 0.15^1 0.85^14 = 0.23123
P(x=2) = 15C2 0.15^2 0.85^13 = 0.28564
.
P(X<=2) = 0.28564 + 0.23123 + 0.08735
P(x < = 2) = 0.604225
Thank you,
Please rate up the answer (comment if rate down or found anything
inappropriate). Thank you!!
Using the Quality Summary and Call Center Data, provide a summary report for the vice president...
Consider the following scenario seen in class Expected Return 8% Standard Dev. Debt Fund 12% Equity Fund Risk-Free 13% 20% 5% Correlation 0.1 Risk Aversion (A) 2 Omega D 0 % MV Utility Omega E Standard Deviation Sharpe Ratio Expected Return 100% 13.00% 20.00% 0.400 9.00% 5% 95% 12.75% 19.07% 0.406 9.11% 10% 90% 12.50% 18.16% 0.413 9.20% 12.25% 17.27 % 15% 85% 0.420 9.27% 80% 16,41% 0.426 9.31% 20% 12.00% 25% 75% 11.75% 15.59% 0.433 9.32% 30% 70% 11.50%...
3 You have a mortgage of $73,000 at 9.75% for 30 years. Find the monthly payment and the total interest. Use Table 14-1 and enter the total interest as your answer. TABLE 14-1 Monthly Payments to Amortize Principal and Interest per $1,000 Financed Interest Rate(%) 3.50 3.75 4.18 4.50 4.00 4.25 4.50 4.75 5.00 5.25 5.50 8.04 6.00 5.53 5.75 6.00 6.25 6.50 6.75 7.00 7.07 7.25 SO Monthly Payments (Necessary to amortize a loan of $1,000) 5 10 15...
The question is complete, and please answer ALL of the boxes by the info provided. thanks Short Straddle Short Straddle Composition: Short a call and a put with the same strike and expiration $35.00 $30.00 Max Profit: the premium collected (credit) $25.00 Max Loss: T Unlimited to the upside, limited by the price of the stock to the downside $20.00 $15.00 - -- Short Call | BEP: There are 2 --strike minus credit & strike plus credit • Short Put...