MAT/543 MAT543 MAT 543 WEEK 4 EXAM 1

Capacity for a specific period of time – such as an hour, shift, day, week, month, or year – represents which concept?

Some health care management methods in use today have their origins of management and productiveness relating to which of the following products?

Why would a healthcare organization shift its definition of a desired or needed management competency?

According to a core managerial competency viewpoint, how is analyzing defined?

How is efficiency measured?

Which is an example of how people in management can best operate according to science?

A p-value is the specific level of probability that indicates whether or not a person should do what?

What is the correct test to use to examine the relationship between two continuous but different variables?

Derive the median from the following data set: [32, 38, 39, 50]. What is the exact number?

Consider the following list of hospital division operating revenues for the past five years: $200,000, $315,000, $385,000, $415,000, $427,000. If the amount in year five was found to actually be $515,000, what would this do to the median 5-year revenue amount?

What is the correct test to examine one continuously measure variable across two categorical groups?

Calculate the mean of the following data set: [34, 45, 55, 43, 21, 55, 19, 60, 62]. What is the answer rounded to the nearest whole number?

What is one reason for which a manager would create a general systems flow chart?

Which general systems flow chart symbol represents a decision?

What does a general systems flow chart permit one to do?

In what way could a health care manager wrongly interpret a general systems flow chart?

How might a health care manager introduce simplicity to a general systems flow chart?

What are two primary methods an analyst uses to gather the needed information to construct a general system flow-chart?

As the number of compounding periods increases, all else being equal, what happens to the future value (FV) of any given sum of money?

Issues related to the time value of money become more critical as the period of time in question does what?

What nominal rate is equivalent to an effective annual rate (EAR) of 7.77% assuming quarterly compounding?

You wish to start a savings plan for your newborn child’s college education.  To do so, you plan to invest $4,000 each year into an account that grows at 4.5% annually. What will be the value of your account in 18 years?

How many years would it take you to triple your investment if your money compounds monthly at an annual rate of 5%?

Your investment has grown from an initial deposit of $400 to $1500. The investment pays a nominal rate of 9.5%, but interest is compounded semi-annually. Approximately how many years have you had your money in the account?

Your investment has grown from an initial deposit of $400 to $1,500. The investment pays 9.5% interest annually. Approximately how many years have you had your money invested?