Example of analyzing data

Use Minitab Statistical Software to examine trends in current and past data, model variable relationships, and leverage predictions.

Use the Graph Builder to visualize your data

This example uses the prepped data set from the Example of prepping data. Complete the following steps to explore data with the Graph Builder.

  1. From Minitab Solution Center Data Prep, select Open in > New Minitab Project.
  2. Choose Graph > Graph Builder.
  3. In Continuous variables, select days open.
  4. In Gallery, use the gallery scroll bar to visualize the data in different graph types. For this example, we create a histogram and a pie chart.
  5. Select Create.

This histogram shows the three distinct distributions by channel.

This pie chart shows the percentages of the three channel types.

Use One-Way ANOVA to determine differences

From the graphical visualizations, there appears to be a difference in the amount of time it takes to close a claim that depends on the channel. To statistically test this difference, the insurance company performs a one-way ANOVA test.

  1. Choose Stat > ANOVA > One-Way.
  2. From the dropdown, select Response data are in one column for all factor levels.
  3. In Response, enter days open.
  4. In Factor, enter channel.
  5. Click OK.

Generate AI interpretation of results

Use Minitab AI to evaluate your results. Simply select the Minitab AI button , and your tables are transformed into clear, easy-to-understand natural language summaries. Minitab does not use or save any user input or AI-generated output.
Important

AI technology may make mistakes, it is the user’s responsibility to ensure the output is accurate, appropriate, and meets your organization’s standards, expectations, and requirements.

What's next

Because there is a significant difference between channels, the team wants to explore how to open more claims online versus through a broker or over the phone. Go to Example of brainstorming ideas.