Average run length Study guides, Class notes & Summaries

BFIN 300 Final Review Latest Update Graded A+ Net Present Value (NPV) the sum of the present values of expected future cash flows from an investment, minus the cost of that investment. If NPV is negative you will reject the investment Payback Period Rule an investment is acceptable if its calculated payback period is less than some pre-specified number of years Discounted Payback Period the length of time required for an investment's discounted cash flows to equal its initial co...

A quality improvement team is trying to illustrate to upper management how a process is varying over time as measurements are collected. Which two statistical process control (SPC) tools should the team use? - Cause-and-effect diagrams Scatter diagrams Histograms Run charts Check sheets Pareto charts Control charts Answer: Run charts Control charts Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? - Performance Reliability Features Ser...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

In preparation for new antimicrobial stewardship regulatory requirements, a hospital is creating an antimicrobial stewardship committee. What should be the first step in supporting this new patient safety initiative? A. Reach out to subject matter experts to gain insight on different compliance issues. B. Work with information technology (IT) to build antibiotic indication and time-out screens. C. Partner with key stakeholders to perform a gap analysis of current state to ideal state. D. Rev...

Conformance - A company makes rulers that are designed to be 20 cm in length with allowance ±0.1 cm. If the actual length of a ruler is 20.2 cm, which factor will the company use to judge the quality of the length of the rulers? Durability - Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? Deming's 14 points for management Juran Institute's management theory - Which quality management philosophy assigns cost to quality, defines quality ...

Why would the company use this check sheet? - To develop a Pareto chart identifying the root causes of engine defects Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? - Durability A quality improvement team is trying to illustrate to upper management how a process is varying over time as measurements are collected. Which two statistical process control (SPC) tools should the team use? - Run charts and Control charts The CEO of a service c...

Cephalocaudal development - ANSWER-development from head to toe ex. head control -> sitting -> walking -> running Proximodistal development - ANSWER-development from the trunk to the tips of the extremities ex. moving arms & legs -> picking things up with fingers Tummy time helps with which development type? - ANSWER-proximodistal Chronologic age - ANSWER-years or months since birth date Mental age - ANSWER-level of cognitive function usually the same as chronolo...

ARDMS (RVT) Ultrasound Vascular Registry Review Questions with 100% Correct answers Ultrasound Vascular Registry Review Questions with 100% Correct answers What is the first branch of the aortic arch? Innominate artery/ Brachiocephalic Name the three branches of the aortic arch? a. Innominate artery/ Brachiocephalic b. Lt CCA c. Lt Subclavian artery The radial artery runs on what side of the forearm? Lateral side The radial artery branches to form what part of the palmar arch? Supe...

A Farmer has 240 acres under cultivation at the cost $188.99 per acre. If he averages a yield of 60 bushel per acre, what profit is expected if the price per bushel is $5.67 - Answer - First figure out total cost cultivation. $189.99 per acre x 240 acres = $45,357.60 So basically it costs the farmer $45,357.60 to maintain 240 acres. Next, figure out how much he earns per bushel. 60 bushels per acre x 240 acres- 14,400 bushel total. 14,400 x $5.67 (cost per bushel) = $81,648 $81,648 is how much h...

Team problem-solving Quality function deployment An organization uses the Voice of the Customer to collect information about what customers want, what they like, and what they do not like. Which two tools should be used once the VOC is complete? Team problem-solving Quality function deployment Employee training Fact-based management Pareto charts A paper manufacturing company dealing in paper products experiences quality issues due to poor performance and equipment malfunction.Whic...