shows the statistics for bed count and inpatient service days that Manatee Bay Health Center reported for last year (a non-leap year). The hospital chief operations officer (COO) is meeting with the board of directors next Tuesday for a quarterly meeting. He asked you to figure the hospital's occupancy ratio for the past year. You have been given the statistics in Table 2 to calculate the annual percentage of occupancy for the past year's operations. Table 2 – Manatee Bay Health Center Hospital Bed Count and Inpatient Service Days Manatee Bay Health Center Hospital Bed Count and Inpatient Service Days Time Period Bed Count Inpatient Service Days January 1 – May 31 200 28,690 June 1 – October 15 250 27,400 October 16 – December 31 275 19,250 What is the hospital's occupancy ratio for the past year? Please show all your work
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
Table 2 shows the statistics for bed count and inpatient service days that Manatee Bay Health Center reported for last year (a non-leap year). The hospital chief operations officer (COO) is meeting with the board of directors next Tuesday for a quarterly meeting. He asked you to figure the hospital's occupancy ratio for the past year. You have been given the statistics in Table 2 to calculate the annual percentage of occupancy for the past year's operations.
Table 2 – Manatee Bay Health Center Hospital Bed
Count and Inpatient Service Days
|
Manatee Bay Health Center |
|
Time Period Bed Count Inpatient Service Days |
|
January 1 – May 31 200 28,690 |
|
June 1 – October 15 250 27,400 |
|
October 16 – December 31 275 19,250 |
What is the hospital's occupancy ratio for the past year?
Please show all your work
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