Business / Decisions Of Uncertainty Paper
Decisions Of Uncertainty Paper
Autor: schundriaw 16 May 2012
Words: 768 | Pages: 4
It is a growing trend that health care institutions focus more on the daily operations and the bottom line rather than on the concerns and needs of their patients and their families. Ensuring there is a smooth transition for all services is extremely important considering the current state of the economy as well as the increase utilization of the emergency room visits. This paper will encompass the proper theories, reasoning, statistical assessment as well as an evaluation designed to research studies specifically for the hypothesis, responses along with my findings.
“Does members of a particular race utilize the emergency room more than others and is there a specific reason for this occurrence?”
Appropriate Probability Concepts and Your Application of Them to Find Resulting Data to Limit the Uncertainty of this Decision.
A vital aspect of statistical theory is the probability theory, which connects inferential and descriptive statistics together. It is the science of uncertainty, chance or likelihood (Cooper & Schindler, 2008). Emperical, classical and subjective are the three types of probability. In this case, we will concentrate on a combination on subjective probability, which assigns a probability to an event based upon whatever evidence is available and empirical probability, which is based on previous experiences. Medical records of those patients seen and treated by an emergency room care providers within the past six months will be closely reviewed as well as track the emergency room cases over the following six months. The conclusion of this analysis will result in identifying ways to prioritize the treatment of emergency room patients as well as have an improved understanding in the increasing trend.
Reasoning for the Chosen Concept
Distinguish each distinct outcome from your statistical assessment, providing rationale for all high numbers. I theorize that there is something rather unusual in the environment in which African A...