An exam consists of 20 multiple-choice questions. Each question has five possible answers and all questions carry equal weight. Mary has not studied for the exam and will be picking her answers at random. What is the probability that Mary will get a score of at least 30% on this exam? n=20‚ p=0.20 P(X≥6) (0.30)(20)=6 Distribution Plot Binomial‚ n=20‚ p=0.2 0.25 Probability 0.20 0.15 0.10 0.05 0.1958 0.00 0 P(X≥6)=0.196 X 6 If 40% is the lowest passing
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Comparative Summary Paper HCS/577 September 22‚ 2014 Comparative Summary Paper The financial environment of any organization is a major factor and plays a significant role in how the organization functions and operates. The financial environment can display whether an organization is financially successful or struggling because of money issues. Just like families that typically stay on top of their financial budgets systems‚ organizations whether for-profit‚ non-profit or government ran‚ each organization
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Organizational Responsibility and Current Health Care Issues HCS/545 University of Phoenix Claudette Grant July‚ 01‚ 2013 Fraud‚ Abuse‚ and Waste in the US Healthcare System is a major problem. As a result of this the government is spending a greater percentage of the GDP on healthcare for Americans. The primary reason for this increase in the overall cost for healthcare is related to the increase in fraud‚ waste‚ and abuse. It is estimated that the United States spends between 15 and 25
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Simulation Review De’Anna Andrew HCS/405 March 25‚ 2015 James Taylor Simulation Review Large health care organizations‚ particularly non-for-profit hospitals‚ come face to face with swelling difficulties handling cash flow every day. These struggles can be due to variations in economic climate and billing. Research tells us that the cash flow‚ hospitals would normally use for capital expenses‚ are frequently being used to pay for operating costs (Ziegler‚ 2008). Functioning as such‚ causes risky
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Last name: First name: Student #: STA 304H1 F/1003H F SUMMER 2009‚ First Test‚ May 28 (20%) Duration: 50min. Allowed: hand-calculator‚ aid-sheet‚ one side‚ with theoretical formulas and definitions only. [25] 1) A marketing analyst is asked to study the buying habits of shoppers at a national chain store (e.g. Sears). Suppose there are 150 stores around the country. (a) Describe the population of interest. (b) Describe in short a realistic sampling procedure for obtaining a representative
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5.23 Let x be a normally distributed random variable having mean = 30 and standard deviation . Find the z value for each of the following observed values of x: In each case‚ explain what the s value tells us about how the observed value of x compares to the mean 5.29 Weekly demand at a grocery store for a brand of breakfast cereal is normally distributed with a mean of 800 boxes and a standard deviation of 75 boxes‚ a. What is the .probability that weekly demand is (1) 959 boxes or less? (2) More
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1. A recent issue of Fortune Magazine reported that the following companies had the lowest sales per employee among the Fortune 500 companies. [20 Marks] | |Company |Sales per Employee ($1000s) |Sales Rank | | |Seagate Technology |$42.20 |285 | | |SSMC | 42.19
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Executive Overview‚ Part I The management staff at a hotel located in a popular Caribbean resort area is engaged in planning activities for the next year. Fundamental to any plans made will be the expected occupancy rate of the hotel. The management staff has extracted quarterly occupancy rates for the past 5 years from the hotel records to forecast the occupancy rates for quarters 1‚ 2‚ 3 and 4 of next year. Observing that this is a time series problem‚ we first generated a time series plot of
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G036 * Yes because the p-value is less than 0.05 or No‚ because the p-value is greater than 0.05 * The coefficient of variation is the standard deviation of a data set‚ divided by the mean of the same data set. * Z score = x -ms * The Independent part is what you‚ the experimenter‚ changes or enacts in order to do your experiment. The dependent variable is what changes when the independent variable changes - the dependent variable depends on the outcome of the independent variable
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Random Sample: each member of the population has the same chance of being selected Representative Sample: characteristics should represent those of the target population without bias Observational Study: no intervention by the investigator‚ no treatment imposed Experimental Study: investigator has some control over the determinant Variables: Categorical – each observation falls into a finite number of groups Nominal: named variables with no implied order e.g. personality type Ordinal:
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