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1. The healthcare environment would be advised to use the MAD, MSE, and the MAPE as measures of forecasting accuracy. Describe how these techniques could aid managers in the projections of cost and assist in inventory control.
2. Summarize the factors involved with seasonal variations. Provide examples.
3. An essential part of cost control in any healthcare organization is staffing levels, maintaining the right mix of professional individuals at any given time. Inventory and production control models are designed for static environments. Would such models work in healthcare to adjust for staffing needs? Explain your rationale.
4. Our basis EOQ inventory model makes five assumptions. For each of these assumptions, explain the assumption, give an example of when the assumption is false, and describe what options are available when the assumption is false.
an urn contains 7 red marbles and 3 white marbles. three marbles are drawn from the urn one after the other. find the
Conduct a 3-period moving average, an exponential smoothing forecasting using an alpha of .25, and a seasonal forecast with 3 seasons.
usa today ran a report about a unc poll of 1248 adults from the southern u.s. it was reported that 8 of those surveyed
To find the probabilities values of standard normal variable
1. laboratory experiment shows that the life of the average butterfly is normally distributed with a mean of 18.8 days
several statistical tests have a way to measure effect size. what is this and when might you want to use it in looking
Service A delivers the document with probability 0.9, Service B with probability 0.9 and Service C with probability 0.8. What is the probability that at least one copy of the document will be delivered on time?
You are a researcher who is interested in the effect of child care on the attachment which develops between an infant and a caregiver.
A spokesman for a popular television game show claims that contestants on the show win an average of $1200. In a random sample, 35 contestants were questioned on the amount of money they had won in order to test the hypothesis.
The demand for a product of Carolina Industries varies greatly from month to month. Based on the past 2 years of data, the following probability distribution shows the company's monthly demand.
Determine the estimated regression equation that can be used to predict the star rating given the point values for execution, ease of use, and range of offerings.
Suppose the length of a typical televised football game, including all commercial timeouts, is normally distributed with a mean of 2.45 hours and standard deviation 0.37 hour.
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