# MAT 543 WEEK 4 EXAM

MAT 543 WEEK 4 EXAM

· Question 15 out of 5 points According to a core managerial competency viewpoint, how is analyzing defined? · Question 2 5 out of 5 points Why is a surgical procedure classified as a conversion process? · Question 3 0 out of 5 points Accomplishing a defined task, such as creating a drug to cure a specific infection, is an example of what concept? · Question 4 5 out of 5 points Which is an example of how people in management can best operate according to science? · Question 5 5 out of 5 points Capacity for a specific period of time – such as an hour, shift, day, week, month, or year – represents which concept? · Question 6 5 out of 5 points How is efficiency measured? · Question 7 5 out of 5 points 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? · Question 8 5 out of 5 points A Chi-square test is used to relate differences between which of the following? · Question 9 5 out of 5 points A p-value is the specific level of probability that indicates whether or not a person should do what? · Question 10 5 out of 5 points What is the correct test to examine one continuously measure variable across two categorical groups? · Question 11 5 out of 5 points What is the correct test to use to examine the relationship between two continuous but different variables? · Question 12 5 out of 5 points What is a pie chart used for? · Question 13 5 out of 5 points What are two primary methods an analyst uses to gather the needed information to construct a general system flow-chart? · Question 14 5 out of 5 points Which general systems flow chart symbol represents start or stop? · Question 15 5 out of 5 points How might a health care manager introduce simplicity to a general systems flow chart? · Question 16 5 out of 5 points What is one reason for which a manager would create a general systems flow chart? · Question 17 5 out of 5 points Which type of answer to a decision is an indicator that a general systems flow chart has been created incorrectly? · Question 18 5 out of 5 points Which general systems flow chart symbol represents a decision? · Question 19 5 out of 5 points How many years would it take you to triple your investment if your money compounds monthly at an annual rate of 5%? · Question 20 0 out of 5 points How much up-front money must you provide to a program that will in turn guarantee to pay you $750 every six months for 12 years, with the first payment scheduled for 6 months from now? Assume investments such as this earn returns of 3.5%. · Question 21 5 out of 5 points What effective annual rate (EAR) is equivalent to a nominal rate of 14% assuming monthly compounding? · Question 22 5 out of 5 points Issues related to the time value of money become more critical as the period of time in question does what? · Question 23 0 out of 5 points 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? · Question 24 0 out of 5 points 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? · Question 25 5 out of 5 points An initial deposit of $2,570 is made into a money market bank account that promises to pay 2% interest annually. At the end of 12 months, how much interest on the initial deposit is earned?

· Question 15 out of 5 points According to a core managerial competency viewpoint, how is analyzing defined? · Question 2 5 out of 5 points Why is a surgical procedure classified as a conversion process? · Question 3 0 out of 5 points Accomplishing a defined task, such as creating a drug to cure a specific infection, is an example of what concept? · Question 4 5 out of 5 points Which is an example of how people in management can best operate according to science? · Question 5 5 out of 5 points Capacity for a specific period of time – such as an hour, shift, day, week, month, or year – represents which concept? · Question 6 5 out of 5 points How is efficiency measured? · Question 7 5 out of 5 points 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? · Question 8 5 out of 5 points A Chi-square test is used to relate differences between which of the following? · Question 9 5 out of 5 points A p-value is the specific level of probability that indicates whether or not a person should do what? · Question 10 5 out of 5 points What is the correct test to examine one continuously measure variable across two categorical groups? · Question 11 5 out of 5 points What is the correct test to use to examine the relationship between two continuous but different variables? · Question 12 5 out of 5 points What is a pie chart used for? · Question 13 5 out of 5 points What are two primary methods an analyst uses to gather the needed information to construct a general system flow-chart? · Question 14 5 out of 5 points Which general systems flow chart symbol represents start or stop? · Question 15 5 out of 5 points How might a health care manager introduce simplicity to a general systems flow chart? · Question 16 5 out of 5 points What is one reason for which a manager would create a general systems flow chart? · Question 17 5 out of 5 points Which type of answer to a decision is an indicator that a general systems flow chart has been created incorrectly? · Question 18 5 out of 5 points Which general systems flow chart symbol represents a decision? · Question 19 5 out of 5 points How many years would it take you to triple your investment if your money compounds monthly at an annual rate of 5%? · Question 20 0 out of 5 points How much up-front money must you provide to a program that will in turn guarantee to pay you $750 every six months for 12 years, with the first payment scheduled for 6 months from now? Assume investments such as this earn returns of 3.5%. · Question 21 5 out of 5 points What effective annual rate (EAR) is equivalent to a nominal rate of 14% assuming monthly compounding? · Question 22 5 out of 5 points Issues related to the time value of money become more critical as the period of time in question does what? · Question 23 0 out of 5 points 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? · Question 24 0 out of 5 points 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? · Question 25 5 out of 5 points An initial deposit of $2,570 is made into a money market bank account that promises to pay 2% interest annually. At the end of 12 months, how much interest on the initial deposit is earned?

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