Drive the decision-making process

Assignment Help Other Subject
Reference no: EM131118792 , Length: 2

Correlation measures the strength of the linear relationship between two quantitative variables. It is often used in the media to make a sensational story or to inform the public. Correlation is also used extensively by the pharmaceutical industry when studying the effect of one variable on another. In healthcare, correlation is used to drive the decision-making process. Should this be the primary method you use in making decisions based on data? Provide an example of where you might expect to see correlation used in your work.

Reference no: EM131118792

Questions Cloud

How much weight should you give to a correlation : Correlation and regression are closely connected. As a manager, how much weight should you give to a correlation? Does a strong positive linear relationship, as shown by a regression line, imply causality
Achieve the maximum average process capacity : Resource B has to be taken down for maintenance 10 minutes every hour (works for 50 minutes, and is down for 10 minutes). Resource D has to be taken down for maintenance 15 minutes every hour (works for 45 minutes, and is down for 15 minutes). Mainte..
What are the key elements of strategy formulation : Describe in writing any elements of the strategic-planning process that you are not able to capture in your graphic representation.
Various roles of team members in providing academic support : Murawski and Spencer (2011) define inclusion as "an academic setting that provides support and service in the general education classroom so that students with a disability have equitable access to the same curriculum as their peers" (p. 19).
Drive the decision-making process : Correlation is also used extensively by the pharmaceutical industry when studying the effect of one variable on another. In healthcare, correlation is used to drive the decision-making process.
What you need to do to get the savings plan back on track : With only $140,000 in the fund and 10 years remaining until your first child starts university, what annual rate of return would the fund have to make for you to reach your $420,000 goal if you add nothing to the account?
Determine output and price under a cournot equilibrium : Consider a market for a homogeneous product with demand given by Q = 30 - P/2. There are two firms, each with constant marginal cost equal to 20. Determine output and price under a Cournot equilibrium
Analyze potential pitfalls in capital budgeting practices : Develop a simple statement of cash flows for George's Trains using any information gleaned from the video. What areas of improvement do you recommend? Provide at least three references from the Ashford University Library or other scholarly sources..
Paper one on anything essay : Too much freedom can cause panic. Nonetheless, for your first paper, I am asking you to take a chance, choose your topic, and do your best to write an academic essay. Keep an open mind as you review the assigned readings and the comments on the me..

Reviews

Write a Review

Other Subject Questions & Answers

  Delta airlines property-plant and equipment

According to the textbook, U.S. companies and foreign companies are affected by deprecation rules. When companies write off the cost of long-lived assets over a period of time, the term used is depreciation.

  Create a list of definitions for the following terms and

create a list of definitions for the following terms and identify their roles in finance.bull financebull efficient

  What specific and practical suggestions

Scott wants to begin a weight-loss program. What specific and practical suggestions can you give him to reduce his energy intake?no words limits.

  The republicans proposal to cut taxes on capital gains

"The Republicans' proposal to cut taxes on capital gains (profits from selling real estate, stocks, and bonds) is not a sop for the wealthy. It is a way to stimulate investment and ultimately to create jobs. That's why it is in everyone's interest..

  Compare no blocks with stuffed animals

After watching nursery-school children, Ken Garoo wants to test the hypothesis that some toys are more fun to play with than others. He decides to compare no fun toys (blocks) with fun toys (stuffed animals). He also wishes to see if there is a sex d..

  Emerging health care reform-managed care

Emerging health care reform, Managed care, Total quality improvement, Integrated health care delivery systems e.g. alliances, networks, mergers

  Explain how the selected disorder is diagnosed

Explain how the selected disorder is treated. Be sure to include all the views on appropriate treatment and comment on diversity of views or dissent.

  What is the sociological imagination

What is "Dunbar's number"? Why does Dunbar's number tell us that we need different tools and ideas to understand large human communities than the ones we use to think about individuals and small groups? How does this relate to the definition of ..

  An important agricultural heath

An important agricultural heath is

  Explain at least 2 reasons research is suggesting for young

discuss at least 2 reasons research is suggesting for young adults still living at home. this new phenomenon-young

  How can we work to implement diversity into a system

Can we consider this a system problem or is this a deeper problem at the community level where a culture has defined incarceration as a "badge of honor" and that illegitimate means and ends trumps a legitimate lifestyle? We can address each of tho..

  How can you use your favorite social media facebook twitter

how can you use your favorite social media facebook twitter pinterest linkedin to attract customers and make money?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd