Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Suppose you, as a manager in a health insurance company, is choosing a cardiologic group for contract. One of the selection criteria is mortality

image text in transcribedimage text in transcribed
1. Suppose you, as a manager in a health insurance company, is choosing a cardiologic group for contract. One of the selection criteria is mortality rates. So you request the following mortality data from two competing cardiologic groups (Table 1) Table 1. Mortality Rates at Two Cardiac Groups Group 1 Group 2 Month Mortality Month Mortality Month (%) Mortality Month (%) Mortality (%%) 1 0.7 16 (/%) 3.2 5.8 16 3.3 0.9 17 3.3 2 3.7 17 3 3.5 1.1 18 3.5 3 4.2 18 4.8 1.8 19 4.0 4 2.0 19 3.5 2.1 20 4.0 4.5 20 6 1.7 2.3 21 4.5 6 5.2 21 7 4.0 2.6 22 4.3 7 4.4 22 3.8 8 2.8 23 4.4 8 4.2 23 9 4.6 2.8 24 4.6 9 3.0 24 10 4.2 3.0 25 5.1 10 4.9 25 11 4.1 3.3 26 5.0 11 3.1 26 12 2.8 3.4 27 5.1 12 4.1 27 13 5.6 3.3 28 5.5 13 4.9 28 3.4 14 3.5 29 5.6 14 2.8 29 15 3.4 3.3 30 5.9 15 4.4 30 1.0 a) Use Excel to: (1) construct histograms of mortality rates for both groups, including means and standard deviations and (2) create running charts of mortality rates for both groups. Show outputs (30 points). b) Which group do you choose for the contract? Elaborate on which tool, namely, histograms or running records, is more helpful in the selection (10 points).2. Several ER physicians complained that tum-around times for lab tests were \"out of control"= and were constandy getting worse. In order to test their theory= the following tumaround times in minutes were collected {Table 2). Use Excel to construct appropriate control charts (attach outputs} (20 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research Methods For Business Students

Authors: Mark Saunders, Philip Lewis, Adrian Thornhill

4th Edition

0273701487, 9780273701484

More Books

Students also viewed these General Management questions