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| Section | Objectives |
|---|---|
| Hypothesis Testing | - t-tests, chi-square tests, and significance testing - Null and alternative hypotheses |
| Regression and Correlation Analysis | - Interpreting correlation and causation - Linear regression modeling |
| Data Fundamentals and Business Analytics | - Data types and data collection methods - Descriptive statistics (mean, median, variance, standard deviation) |
| Decision Making Models | - Risk and uncertainty in decision-making - Decision trees and expected value analysis |
| Probability and Statistical Inference | - Sampling methods and sampling error - Probability concepts and distributions |
1. When researchers are studying the effect of new drug treatments on patients, bias can be introduced by patients if they are aware of who receives the placebo.
Which type of research design eliminates this type of bias?
A) Time series study
B) Prospective cohort study
C) Blind study
D) Observational study
2. What does prevalence measure when studying disease frequency?
A) Potential future cases of a disease
B) Only past cases of a disease
C) All existing cases of a disease
D) Only new cases of a disease
3. Phone calls for a company are routed randomly to one of eight call centers. Six are based in the United States, and two are based in another country. What is the probability that an incoming call will be routed to a U.S.- based call center?
A) 33%
B) 75%
C) 25%
D) 67%
4. Which analytic used in healthcare is calculated as a proportion of new cases compared to person-time units?
A) Morbidity rate
B) Incidence rate
C) Prevalence
D) Cumulative incidence
5. Why is choosing appropriate performance indicators important for data-driven decision-making?
A) They convince employees that they are equally as important as their managers.
B) They are a key part of an organization's rules and bylaws.
C) They satisfy governmental regulations.
D) They align with an organization's definition of success.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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