High-Low Method and Regression Analysis

High-Low Method and Regression Analysis

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
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

1. Plot the relationship between number of orders per week and weekly total costs.
2. Estimate the cost equation using the high-low method, and draw this line on your graph.
3. 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.

4. Did Fresh Harvest break even this season? Remember that each of the families paid a seasonal membership fee of $50.
5. 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?

High-Low Method and Regression Analysis

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.

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