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Finance week 9 replies | Nursing homework help

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respond to 
the four colleagues
 and critique their elevator speech by offering supporting or contrary ideas regarding their talking points and/or suggesting additional points to be made. Be specific and provide examples. two references each

Amber: “Good morning/afternoon, ladies and gentlemen. I want to introduce to you a healthcare product/service that will revolutionize patient care and improve the efficiency and effectiveness of our healthcare system. What am I talking about, you may ask? I am proposing the implementation of a patient education app that will not only help everyone but be beneficial for low health literacy patients. The app will enable healthcare providers to make informed treatment decisions, provide patient education, reduce unnecessary tests and procedures, and manage the length of stay more efficiently. The financial benefits of this solution are tremendous – reduced costs associated with longer patient stays and unnecessary interventions. While initial investments are required, the long-term benefits of cost savings and improved patient outcomes will outweigh the costs. This app can potentially make millions of dollars for this organization. Our SWOT analysis reveals the strengths of this solution, such as enhancing and improving clinical decision-making while practicing evidence-based medicine, reduction of patient hospital stays, and minimum infrastructure required to practice telemedicine. We also recognize the weaknesses, such as the initial investment required and the cost of training and education for staff, employees, or the workforce. However, we believe there are great opportunities for collaboration with technology vendors and potential revenue generation through data analytics. Of course, there are threats, such as resistance to change and data privacy and security concerns, but we are confident in our ability to address and mitigate these risks. Overall, implementing a patient education app will not only improve patient care but also provide significant financial and operational benefits for our healthcare organization. Thank you for your time, and we look forward to discussing this opportunity further.” 

Yolanda: The world watched as Damar Hamlin, a young 25-year-old safety for the Buffalo Bills, suffered a sudden cardiac arrest on national television. The world also watched as trained staff jumped into action to administer cardiopulmonary resuscitation (CPR), ultimately saving his life (American Heart Association [AHA], 2023). More than 350,000 people in the United States suffer cardiac arrest each year, and more than 50% die before transporting to a medical facility (Centers for Disease Control and Prevention [CDC], n.d.). Being prepared to intervene in an emergency is critical to saving a life. The American Heart Association (AHA) Resuscitation Quality Improvement (RQI) program is the perfect addition to any organization to ensure that staff are trained and always prepared to perform life-saving measures in the most critical moments.

Cardiopulmonary resuscitation (CPR) is renewed once every two years, often without opportunities for practicing skills in between this cycle. Skills can only improve with practice opportunities, resulting in better-quality CPR administration and patient survival outcomes. Implementation of the RQI program provides staff members with simulation stations designed to give real-time feedback as skills are performed. The program requires that all trained personnel spend an average of ten minutes every three months perfecting their skills. After an initial startup cost, the annual fee is only $40 per staff member (American Heart Association, n.d.). In addition to implementing the RQI program into the school system, trained personnel will be available to provide CPR classes to the community for $50 per person. The revenue earned from these classes will cover the RQI program cost by the end of year one, and the additional income will be put toward community resources and programs. Life is priceless, and the RQI program is designed to equip staff members with the skills to save one.

      Angela:   Globally, 4 million patients are now requiring dialysis (Si, Hernandez-Alava, Wilkie, & Fortheringham, 2023). Many dialysis patients treating at dialysis facilities will require transportation. In a study published in Nephrology Nursing Journal,
 participants reported that access to dependable transportation was necessary for them to attend their treatments and felt they could not adhere to the prescribed treatment without access to dependable transportation (Kamboj, Jackson, & Babenko-Mould, 2021).  

Sell

            I propose that our company provide transportation to our patients. We will begin with one clinic and a startup expense of $47,606. The enrollment goal is 15 patients with an additional enrollment of five patients each year over five years. The projected profit for this goal includes a return of investment of 57.56% in year one and increasing cash flow annually.

            One of our biggest strengths is that we are starting with one clinic. This will give us an opportunity adjust the revenue as needed using a smaller budget with high returns. The higher returns will help with expansion. However, there are weaknesses. This budget is based on patient adherence. When patients miss dialysis treatments, they are at an increased risk for hospital readmissions and disrupted continuity of care (Wolfe, McDonald, & Holmes, 2020). Despite the weakness we have with patient adherence to treatment it is still beneficial to proceed with providing transportation to our patients.

Deanna: Sadly, approximately 115 Americans die of opioid overdose every day (Hargett and Criswell, 2019). Non-pharmacological therapies are considered safe, affordable, easy, and accessible therapeutic interventions (Hadoush et al., 2022). Non-pharmacological therapies are also recommended for patients with chances of developing adverse reactions to opioids.

Financial Points

According to Weiss and Jiang (2021) in 2018 the average readmission cost was $15,200 per person. By preventing pain management readmissions by one-fourth, we could prevent patient admissions costs of $1,872,000 in the first year.

Budgetary Impacts

The projected project has a high start up cost though it shows a return on investments the very first year. Unless there are some unforeseen issues this project looks to be a successful venture.

SWOT Take Aways – Strength – Having a positive return on revenue in the first year of business and staying in the positive in the following years. Weakness – Possible turnover rate of staff. The more vacancies there are on the staff the less patients can be seen and more revenue is lost on training new staff. Opportunity – Another opportunity is to invite other potential shareholders to a presentation to show the projected five-year plan to obtain a higher budget to be able to hire more staff to treat more veterans. Threats – Another pandemic like the COVID 19 crisis could greatly decrease the number of treatments performed.

Cost-Benefit Analysis Takeaways

The project is projected to start out strong by making a profit of $1,718,801 in the first year and continues to make a profit each year though the return of investment decreases between 4-6% each year.

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July 1, 2023
    
  1. The Times per week a student uses a lab computer are normally distributed, with a mean of 6.6 hours and a standard deviation of 1.1 hours.  A student is randomly selected. Find the following probabilites

 

  a) Find the probability that a student uses a lab computer less than 4 hours per week is

b ) The probabilty that student uses a lab computer between 5 to 7 hours per week is

c) The probability that a student uses a lab computer more than 8 hours per week is

All answers round to 3 decimal places

  1. A researcher wishes to estimate with 95% confidence. The proportion of adults who have high speed internet. Her estimate must be 1% of the true proportion.
    Find the minimum sample size needed using a prior study that found 34% of the respondents saying they have high speed internet. Then find the minimal sample size for no preliminary estimates available
  2. A random sample of forty-two 200-meter swims has a meant time of 3.724 minutes and a standard deviation of 0.080 minutes. A 95% confidence interval for the population mean time is (3.704,3.744)

Construct a 95% confidence interval for the population mean time using a standard deviation of 0.05 minutes. Which confidence interval is wider?

  1. The state test scores for 12 randomly selected high school seniors are shown below

Assume the population is normally distributed.

 

1428       1220       990        

698         729         831        

730         749         546        

 

(a)    Find the sample mean

(b)   Find the sample standard deviation.

(c)    construct a 99% confidence interval for the population mean u

5.  Assume the Poison distribution applies use the given mean to find the indicated probability.

Find P(4) when u=8

6..

Find the equation of the regression line for the data. Then construct a scatter plot of the data and draw the regression line. (the pair of variables has a significant correlation) then us the regression equation to predict the value of y for each of the given x-values, if meaningful. The table shoes shoe size and height in inches for 6 men.

 

Shoe size, x

Height, y

6.0

65.5

10.0

70.5

11.0

72.5

11.5

74.5

12.0

74.5

13.0

72.5

 

What is the regression equation?

Predict the value of y for x = 9.5

Predict the value of y for x = 8.0?

Predict the value of y for x = 14.5?

Predict the value of y for x = 9.0 ?

7.  For your study on the food consumption habits of teenage males you randomly select 10 teenage males and aske each how many 12 ounch servings soda he drinks each day. The results are below. At a=0.01, is there enough evidence to support the claim that teenage males drink fewer than three 12ounce servings of soda per day? Assume the population is normally distributed?

3.4

2.9

2.6

2.1

1.9

3.9

2.6

3.6

3.5

1.2

Write the claim mathematically and identify Ho and Ha ?

Use technology to find the P-value

Decide whether to reject or fail to reject the null hypothesis?

Interpret the decision in the context of the original claim.

8. An employment information service claims the mean annual pay for the full-time male workers over age 25 without a high school diploma is $22,350. The annual pay for a random sample of 10 full-time workers over age 25 without a high school diploma is listed. At a=0.10, test the claim that the mean salary is $22,350. Assume the population is normally distributed.

20,650

21,135

22,355

21,399

22,974

16,914

19,150

23,194

24,187

26,287

 

Write the claim mathematically and identify Ho and Ha ?

Find the critical value and identify the rejection region?

Find the standardized test statistic.

Decide whether to reject or fail to reject the null hypothesis?

Interpret the decision in the context of the original claim.?

9. A company that makes cola drinks states that the mean caffeine content per 12-ounch bottle of cola is 50milligrams. You want to test this claim. During your test you find that a random sample of thirty 12-ounce bottles of cola has a mean caffeine content of 49.3 milligrams with a standard deviation of 6.6 milligrams. At a=0.02, can you reject the companys claim?

 

Write the claim mathematically and identify Ho and Ha ?

Find the critical value and identify the rejection region?

Decide whether to reject or fail to reject the null hypothesis?

10. The altitude (in thousands of feet) and speed of a plane(in feet per second) for various altitudes is shown below.

Altitude, x

Speed, y

0

962.2

5

1106.8

10

981.8

15

1016.8

20

994.7

25

1007.8

30

1033.1

35

1104.9

The correlation is strong or weak  AND positive or  negative linear correlation?

 

default image
July 1, 2023
    
  1. The Times per week a student uses a lab computer are normally distributed, with a mean of 6.6 hours and a standard deviation of 1.1 hours.  A student is randomly selected. Find the following probabilites

 

  a) Find the probability that a student uses a lab computer less than 4 hours per week is

b ) The probabilty that student uses a lab computer between 5 to 7 hours per week is

c) The probability that a student uses a lab computer more than 8 hours per week is

All answers round to 3 decimal places

  1. A researcher wishes to estimate with 95% confidence. The proportion of adults who have high speed internet. Her estimate must be 1% of the true proportion.
    Find the minimum sample size needed using a prior study that found 34% of the respondents saying they have high speed internet. Then find the minimal sample size for no preliminary estimates available
  2. A random sample of forty-two 200-meter swims has a meant time of 3.724 minutes and a standard deviation of 0.080 minutes. A 95% confidence interval for the population mean time is (3.704,3.744)

Construct a 95% confidence interval for the population mean time using a standard deviation of 0.05 minutes. Which confidence interval is wider?

  1. The state test scores for 12 randomly selected high school seniors are shown below

Assume the population is normally distributed.

 

1428       1220       990        

698         729         831        

730         749         546        

 

(a)    Find the sample mean

(b)   Find the sample standard deviation.

(c)    construct a 99% confidence interval for the population mean u

5.  Assume the Poison distribution applies use the given mean to find the indicated probability.

Find P(4) when u=8

6..

Find the equation of the regression line for the data. Then construct a scatter plot of the data and draw the regression line. (the pair of variables has a significant correlation) then us the regression equation to predict the value of y for each of the given x-values, if meaningful. The table shoes shoe size and height in inches for 6 men.

 

Shoe size, x

Height, y

6.0

65.5

10.0

70.5

11.0

72.5

11.5

74.5

12.0

74.5

13.0

72.5

 

What is the regression equation?

Predict the value of y for x = 9.5

Predict the value of y for x = 8.0?

Predict the value of y for x = 14.5?

Predict the value of y for x = 9.0 ?

7.  For your study on the food consumption habits of teenage males you randomly select 10 teenage males and aske each how many 12 ounch servings soda he drinks each day. The results are below. At a=0.01, is there enough evidence to support the claim that teenage males drink fewer than three 12ounce servings of soda per day? Assume the population is normally distributed?

3.4

2.9

2.6

2.1

1.9

3.9

2.6

3.6

3.5

1.2

Write the claim mathematically and identify Ho and Ha ?

Use technology to find the P-value

Decide whether to reject or fail to reject the null hypothesis?

Interpret the decision in the context of the original claim.

8. An employment information service claims the mean annual pay for the full-time male workers over age 25 without a high school diploma is $22,350. The annual pay for a random sample of 10 full-time workers over age 25 without a high school diploma is listed. At a=0.10, test the claim that the mean salary is $22,350. Assume the population is normally distributed.

20,650

21,135

22,355

21,399

22,974

16,914

19,150

23,194

24,187

26,287

 

Write the claim mathematically and identify Ho and Ha ?

Find the critical value and identify the rejection region?

Find the standardized test statistic.

Decide whether to reject or fail to reject the null hypothesis?

Interpret the decision in the context of the original claim.?

9. A company that makes cola drinks states that the mean caffeine content per 12-ounch bottle of cola is 50milligrams. You want to test this claim. During your test you find that a random sample of thirty 12-ounce bottles of cola has a mean caffeine content of 49.3 milligrams with a standard deviation of 6.6 milligrams. At a=0.02, can you reject the companys claim?

 

Write the claim mathematically and identify Ho and Ha ?

Find the critical value and identify the rejection region?

Decide whether to reject or fail to reject the null hypothesis?

10. The altitude (in thousands of feet) and speed of a plane(in feet per second) for various altitudes is shown below.

Altitude, x

Speed, y

0

962.2

5

1106.8

10

981.8

15

1016.8

20

994.7

25

1007.8

30

1033.1

35

1104.9

The correlation is strong or weak  AND positive or  negative linear correlation?

 

default image
July 1, 2023
    
  1. The Times per week a student uses a lab computer are normally distributed, with a mean of 6.6 hours and a standard deviation of 1.1 hours.  A student is randomly selected. Find the following probabilites

 

  a) Find the probability that a student uses a lab computer less than 4 hours per week is

b ) The probabilty that student uses a lab computer between 5 to 7 hours per week is

c) The probability that a student uses a lab computer more than 8 hours per week is

All answers round to 3 decimal places

  1. A researcher wishes to estimate with 95% confidence. The proportion of adults who have high speed internet. Her estimate must be 1% of the true proportion.
    Find the minimum sample size needed using a prior study that found 34% of the respondents saying they have high speed internet. Then find the minimal sample size for no preliminary estimates available
  2. A random sample of forty-two 200-meter swims has a meant time of 3.724 minutes and a standard deviation of 0.080 minutes. A 95% confidence interval for the population mean time is (3.704,3.744)

Construct a 95% confidence interval for the population mean time using a standard deviation of 0.05 minutes. Which confidence interval is wider?

  1. The state test scores for 12 randomly selected high school seniors are shown below

Assume the population is normally distributed.

 

1428       1220       990        

698         729         831        

730         749         546        

 

(a)    Find the sample mean

(b)   Find the sample standard deviation.

(c)    construct a 99% confidence interval for the population mean u

5.  Assume the Poison distribution applies use the given mean to find the indicated probability.

Find P(4) when u=8

6..

Find the equation of the regression line for the data. Then construct a scatter plot of the data and draw the regression line. (the pair of variables has a significant correlation) then us the regression equation to predict the value of y for each of the given x-values, if meaningful. The table shoes shoe size and height in inches for 6 men.

 

Shoe size, x

Height, y

6.0

65.5

10.0

70.5

11.0

72.5

11.5

74.5

12.0

74.5

13.0

72.5

 

What is the regression equation?

Predict the value of y for x = 9.5

Predict the value of y for x = 8.0?

Predict the value of y for x = 14.5?

Predict the value of y for x = 9.0 ?

7.  For your study on the food consumption habits of teenage males you randomly select 10 teenage males and aske each how many 12 ounch servings soda he drinks each day. The results are below. At a=0.01, is there enough evidence to support the claim that teenage males drink fewer than three 12ounce servings of soda per day? Assume the population is normally distributed?

3.4

2.9

2.6

2.1

1.9

3.9

2.6

3.6

3.5

1.2

Write the claim mathematically and identify Ho and Ha ?

Use technology to find the P-value

Decide whether to reject or fail to reject the null hypothesis?

Interpret the decision in the context of the original claim.

8. An employment information service claims the mean annual pay for the full-time male workers over age 25 without a high school diploma is $22,350. The annual pay for a random sample of 10 full-time workers over age 25 without a high school diploma is listed. At a=0.10, test the claim that the mean salary is $22,350. Assume the population is normally distributed.

20,650

21,135

22,355

21,399

22,974

16,914

19,150

23,194

24,187

26,287

 

Write the claim mathematically and identify Ho and Ha ?

Find the critical value and identify the rejection region?

Find the standardized test statistic.

Decide whether to reject or fail to reject the null hypothesis?

Interpret the decision in the context of the original claim.?

9. A company that makes cola drinks states that the mean caffeine content per 12-ounch bottle of cola is 50milligrams. You want to test this claim. During your test you find that a random sample of thirty 12-ounce bottles of cola has a mean caffeine content of 49.3 milligrams with a standard deviation of 6.6 milligrams. At a=0.02, can you reject the companys claim?

 

Write the claim mathematically and identify Ho and Ha ?

Find the critical value and identify the rejection region?

Decide whether to reject or fail to reject the null hypothesis?

10. The altitude (in thousands of feet) and speed of a plane(in feet per second) for various altitudes is shown below.

Altitude, x

Speed, y

0

962.2

5

1106.8

10

981.8

15

1016.8

20

994.7

25

1007.8

30

1033.1

35

1104.9

The correlation is strong or weak  AND positive or  negative linear correlation?

 

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That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

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Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

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Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

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Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

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Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

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