_________ and _________ are the two types of numerical methods ofdata description.Question 1 options:Measures of central tendency and measures of dispersionMeasures of CD and Measures of CTMeasures of down and measures of upCentral tendency and dispersionQuestion 2 (1 point) SavedPayoff tables relate states, decisions, and outcomes to each other?Question 2 options: True FalseQuestion 3 (1 point) SavedWhy would a healthcare manager use a median instead of a mean to describe the central tendency of a data set?Question 3 options:A. Median is more accurateB. Median is used if the data set has outliers or known biasC. Mean is overused as a measure of central tendencyD. Median divides the data set into 4 equal partsQuestion 4 (1 point) Saved_________, _________, and _________ are the three components of a basic decision making problem.Question 4 options:Derivatives, decisions, and outcomesStates, outcomes and resultsDerivatives, demands, and outcomesStates, decisions, and outcomesQuestion 5 (1 point) Management at Visync Hospital Center is thinking about two investments in medical dispensing systems. Both systems will save the hospital money but in different amounts depending on the system usage. System I can save $100,000 in labor during periods of high usage or $60,000 in labor during periods of low usage. System II can save $150,000 in labor during periods of high usage or $10,000 in labor during periods of low usage. The decision depends on the economic conditions. What is the expected value of both systems when the probability of high usage is 60%?Question 5 options:Expected value for System I = $94,000; Expected value for System II = $84,000Expected value for System I = $100,000; Expected value for System II = $150,000Expected value for System I = $60,000; Expected value for System II = $10,000Expected value for System I = $84,000; Expected value for System II = $94,000Question 6 (1 point) Using the following data, calculate the mean of the data set: 24, 34, 85, 35, 90, 23, 100, 32, 65, and 55.Question 6 options:32Cannot be calculated12.354.3Question 7 (1 point) A state of nature is something that the decision maker has a choice in?Question 7 options: True FalseQuestion 8 (1 point) Histograms relate the number of occurrences of each event in an event space to each other?Question 8 options: True FalseQuestion 9 (1 point) When conducting a simulation, which distribution is most likely to be used to model patients’ arrivals to a clinic:Question 9 options:UniformPoissonExponentialNormalQuestion 10 (1 point) SavedThe _______________ distribution plays an important role in simulation because it has the ability to model processes and it has a relationship with the _______________ distribution.Question 10 options:Negative Binomial/PoissonBinomial/PoissonProbability/PoissonExponential/Poisson Health Science Science Nursing Share QuestionEmailCopy link Comments (0)
_________ and _________ are the two types of numerical methods ofdata description.Question 1 options
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