Case Study1: Statistical Thinking in Healthcare MAT510: Business Statistics Case Study 1: Statistical Thinking in Healthcare In order to understand and try to come up with a solution to the issues associated with this case study we need to first understand what is Statistical Thinking and what it involves. Statistical Thinking provides a common way […]
Imagine that you are a business manager for a mid-sized company. Propose one (1) overall strategy to build an effective business model in order to both monitor / control changes in business process and predict future business performance for your company. Provide a rationale (e.g., verification process) for your response. Whether starting a business, running
Use the Internet or Strayer Library to research articles on confidence interval and its application in business. Select one (1) company or organization which utilized confidence interval technique to measure its performance parameters (e.g., mean, variance, mean differences between two processes, etc.). Give your opinion as to whether or not the utilization of such a
“Top-Three Concepts or Skills” Please respond to the following: Note: Online students, please select one of the two subjects to discuss. Determine the top-three (3) concepts or skills you learned in this course that you believe will be the most useful to you in your present or future professional career or education. Provide at least one
Imagine that you are a business manager for a mid-sized company. Propose one (1) overall strategy to build an effective business model in order to both monitor / control changes in business process and predict future business performance for your company. Provide a rationale (e.g., verification process) for your response. One overall strategy to build
“Building and Using Models” Please respond to the following: Last week we introduced the idea of data, data collection, stratification of data and then data analysis tools. This week we introduce the concept of building models with our data in an effort to predict some future outcome. I have attached a BBC documentary on the
TOPIC: MATHEMATICS STUDENT’S NAME: INSTITUTION: INSTRUCTOR’S NAME: DATE: Homework Assignment 8 Due in Week 9 and worth 30 points Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: Treadmill Exercise Bike Total sold 185 123 Service contracts
Question 1 4 out of 4 points In every experiment there is experimental error. Which of the following statements is true?Answer Selected Answer: This error can be changed statistically by increasing the degrees of freedomCorrect Answer: This error can be changed statistically by increasing the degrees of freedom
Case Study 1 Statistical Thinking in Healthcare Michael Troyer Strayer University Author Note Professor Dr. Suzanne Page, MAT 510 – Business Statistics, May 1, 2016 Abstract In this case study, we will examine the process of filling prescriptions by a pharmacist, his assistant and perhaps other staff members. Currently, the pharmacy has been under scrutiny
Jezreel Spencer 7/18/2016Homework Assignment 2 Due in Week 2 and worth 30 points Answer the following questions in the space provided below: Explain the importance of variation to health-care organizations and answer the following questions. What might be the key processes for health-care organizations? Keeping patients healthy, detecting health problems, diagnosing diseases, treating diseases and