Question
13.The nursing manager puts some work data on a bell curve. The average overtime is 35 hours per week. The standard deviation is 5 hours.
13.The nursing manager puts some work data on a bell curve. The average overtime is 35 hours per week. The standard deviation is 5 hours. What range of overtime hours can the manager expect to work 68.2% of the time? Required to answer. Single choice.
30 to 40 hours
25 to 45 hours
35 to 50 hours
20 to 40 hours
14.North American Drug Company has decided to offer stock options. The CFO (chief financial officer) needs to assign a price to stock options before the end of the month. She can generate thousands of possible random price paths in order to estimate the future stock option value. What analysis technique should she use? Required to answer. Single choice.
Multiple regression
Simulation
Linear programming
ANOVA
15.The Clinic Consortium is preparing a budget for the next year and needs to forecast patient loads. The managers notice variation in patient loads around holidays over the year. What pattern describes the data to be forecasted? Required to answer. Single choice.
Trend
Cyclicality
Seasonality
Random variation
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