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?

 
 
 



 
 
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