Variation and statistical thinking strategy

Assignment Help Finance Basics

Reference no: EM13821333

Part 1:

"Variation and Statistical Thinking Strategy"

Compare and contrast the fundamental differences between special-cause variation and common-cause variation. Provide one (1) business process example of each variation to support your response.

Part 2:

Explain the importance of variation to health-care organizations and answer the following questions.

What might be the key processes for health-care organizations?
What are the potential common causes of variation that would have an impact on the key processes of health-care organizations?
What special causes might be more important than the others?
How might health-care organizations' business environment be dynamic and change over time?

Reference no: EM13821333

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