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Vila Health has been working on a new billing system to be deployed to all hospitals. Before they release the billing system to all hospitals,
Vila Health has been working on a new billing system to be deployed to all hospitals. Before they release the billing system to all hospitals, they have deployed it to Cengaly Hospital first. With the older billing system, the hospital system mostly had payments from their patients taking 40 days or more. Vila Health hopes that with the new billing system, it will substantially reduce the amount of time it takes patients to make their payments. There is a random sample of 65 invoices from 15025 invoices that were processed in the first two months of the new system's operation. If the sample can be used to establish that the new billing system substantially reduces payment time, Vila Health does plan to quickly deploy it to the other hospitals within their system. By looking at the payment times, we can see that the shortest payment time is 10 days and that the longest is 29 days. This does not tell us much information so it is important to perform a frequency distribution of the data and then graph the distribution by constructing a histogram.Create the frequency distribution and histogram. Explain the skewness and kurtosis on the sample data set. Calculate the correlation of two variables. Explain how the correlation calculation shows the correlation between two variables. Explain if one billing system approach is more efficient than another based upon statistical analysis of a data set. Provide a logical argument in support of conclusions or recommendations
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