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Using an example from a hospital, create a mock data set for two specific variables of importance within hospital (minimum of 20). The data may be used for quality measures, patient inputs, demographics, financial data, etc.
Define the variables. Include information on how the data is collected.
Create a mock data set table
Create a scatter plot and include a regression line
Interpret the results. Provide a clear explanation for the relationship, or lack thereof, being demonstrated.
How might your analysis of this data be used to improve organizational outcomes or be used in problem solving or decision-making for your organization?
In general how is the magnitude of the standard error of estimate related to the value of correlation?
Determine the probability that: a) Exactly 3 will have this mild side effect.
Critically discuss the difference among strategic, long-term, and short-term objectives? What is the relationship between objectives and goals? What are examples of this relationship?
Conduct the hypothesis test and compute the p-value. At a 0.05 level of significance, what is your conclusion?
The event "the price of stock X has increased and the price of stock Y has not increased" may be written as??
In a bumper test, three types of autos were deliberately crashed into a barrier at 5 mph, and the resulting damage (in dollars) was estimated. Five test vehicles of each type were crashed, with the results shown below. Research question: Are the ..
Standardize the value according to the given average and SD - unstandardize the value according to the given average and SD
If the pilot plant fails, Rob feels the chance of the full-scale facility succeeding is only 20%. The probability that the pilot plant will succeed is estimated at 0.6. Structure this problem with a decision tree and advise Rob what to do.
Explain the value of test statistic using t distribution for the given value. Illustrate value of the t test statistic if you are testing a hypothesis.
If there is an outage, there is a .05 probability that the resulting losses will be very large, approximately $ 80 million in lost earnings. Also, it is estimated that there is a .95 probability of only slight losses of around $ 1 million. What is..
Use frequency distribution to create a probability distribution, determine the (b) mean,(c) variance.
In a sample of 1200 police officers, the mean annual salary was $33,000 and the standard deviation was $3200. A random sample of size 70 is drawn from this population. What is the probability that the mean annual salary is between $32,000 and $32,..
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