Hospital Readmission A hospital readmission is an episode when a patient who has been discharged from a hospital is readmitted again within a certain period. Nationally the readmission rate for patients with pneumonia is 17 % . A hospital was interested in knowing whether their readmission rate for pneumonia was less than the national percentage. They found 11 patients out of 70 treated for pneumonia in a two-month period were readmitted. a. What is p ^ , the sample proportion of readmission? b. Write the null and alternative hypotheses. c. Find the value of the test statistic and explain it in context. d. The p-value associated with this test statistic is 0.39. Explain the meaning of the p-value in this context. Based on this result, does the p-value indicate the null hypothesis should be doubted?
Hospital Readmission A hospital readmission is an episode when a patient who has been discharged from a hospital is readmitted again within a certain period. Nationally the readmission rate for patients with pneumonia is 17 % . A hospital was interested in knowing whether their readmission rate for pneumonia was less than the national percentage. They found 11 patients out of 70 treated for pneumonia in a two-month period were readmitted. a. What is p ^ , the sample proportion of readmission? b. Write the null and alternative hypotheses. c. Find the value of the test statistic and explain it in context. d. The p-value associated with this test statistic is 0.39. Explain the meaning of the p-value in this context. Based on this result, does the p-value indicate the null hypothesis should be doubted?
Solution Summary: The author explains the null and alternative hypotheses for determining the readmission rate of the hospital.
Hospital Readmission A hospital readmission is an episode when a patient who has been discharged from a hospital is readmitted again within a certain period. Nationally the readmission rate for patients with pneumonia is
17
%
.
A hospital was interested in knowing whether their readmission rate for pneumonia was less than the national percentage. They found 11 patients out of 70 treated for pneumonia in a two-month period were readmitted.
a. What is
p
^
, the sample proportion of readmission?
b. Write the null and alternative hypotheses.
c. Find the value of the test statistic and explain it in context.
d. The p-value associated with this test statistic is
0.39.
Explain the meaning of the p-value in this context. Based on this result, does the p-value indicate the null hypothesis should be doubted?
To: [Boss's Name]
From: Nathaniel D Sain
Date: 4/5/2025
Subject: Decision Analysis for Business Scenario
Introduction to the Business Scenario
Our delivery services business has been experiencing steady growth, leading to an
increased demand for faster and more efficient deliveries. To meet this demand,
we must decide on the best strategy to expand our fleet. The three possible
alternatives under consideration are purchasing new delivery vehicles, leasing
vehicles, or partnering with third-party drivers. The decision must account for
various external factors, including fuel price fluctuations, demand stability, and
competition growth, which we categorize as the states of nature. Each alternative
presents unique advantages and challenges, and our goal is to select the most
viable option using a structured decision-making approach.
Alternatives and States of Nature
The three alternatives for fleet expansion were chosen based on their cost
implications, operational efficiency, and…
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