Laralex Hospital Case Study Write your report as if you were Blanche. Do not assume that the reader of the report has read the case study document. Include a cover page with the course name, case study name, the date, and your team member names. Submit only one Word file (using Blackboard). In the report, Blanche’s will need to use words that Hazel (and other managers) would understand, and terms that make sense within a health care facility. That is, she should avoid generic phrasing (e.g., process, defect, etc.) and focus on processes and data at Laralex Hospital. The report should be concise, clear and complete. Include answers to the questions below in your report but do not list the questions followed by answers - the report should flow nicely while addressing these issues. Address the following in your report: 1.Explain what is wrong with using percentiles to compare hospitals. Give an example (not any examples from the case or in class – especially no coin flip examples) that illustrates why percentiles are ineffective. 2.Create and interpret a P Chart for each of the outcomes analyzed in the case (an Excel file with the data is provided). Interpret each P chart based on the Shewhart interpretation rules. Use the Excel Control Chart template. For processes that are stable, compare Laralex’s performance with external benchmarks. Use the Excel Control Chart template. Assume that a very large group of peer hospitals had the following average proportions: a.Discrepant X-rays - 1.11% b.Unscheduled Readmissions - 4.6% c.Hospital-Acquired Infections - 0.36% d.Cesarean Sections - 19.3% e.Patients who Leave the ED Prior to Treatment – 3.2% 4.Explain how a comprehensive process improvement program based on Lean Six Sigma will help with their accreditation. Use specific examples derived from the case study document. 5.List and discuss the three most important challenges faced by Blanche when implementing a process improvement program based on Lean Six Sigma at Laralex Hospital (justify them with specific examples from the case study document).

Use the provided Project Plan template to create a project plan that outlines the operational steps needed to meet each project objective determined in Wk 3 – Apply: Project Metrics.Use the textbook and other available resources to fill in the appropriate content.Summarize the justification for your project plan.Cite all sources following APA guidelines.

OVERVIEW: Complete a 2–4-page, two-part assessment addressing two different hypothetical scenarios. In Part 1, apply a probability analysis in estimating returns for a company. In Part 2, recommend whether or not to refinance a home. RESOURCES: Parameswaran, S. (2011). Fundamentals of financial instruments: Stocks, bonds, foreign exchange, and derivatives. Hoboken, NJ: John Wiley & Sons. Chapter 9: Mortgages and Mortgage-Backed Securities.Gibson, R., Michayluk, D., & Van de Venter, G. (2013). Financial risk tolerance: An analysis of unexplored factors. Financial Services Review, 22(1), 23–50.Mansur, I., Odusami, B., & Nasseh, A. (2011). The relationship between money market mutual fund maturity and interest rates. Journal of Financial Service Professionals, 65(4), 58–66.Woodford, M. (2010). Financial intermediation and macroeconomic analysis. Journal of Economic Perspectives, 24(4), 21–44.Downes, J., & Goodman, J. E. (2014). Dictionary of finance and investment terms (9th ed.).Hauppague, NY: Barron's.Brigham, E. F., & Houston, J. F. (2013). Fundamentals of financial management (13th ed.). Mason, OH: South-Western Cengage Learning. INSTRUCTIONS: This assessment consists of two parts, each of which includes a hypothetical situation for you to respond to. Part 1. Estimating Returns Imagine the following scenario: A company is faced with a 20 percent chance of a poor economy, a 40 percent chance of an average economy, and a 40 percent chance of an above-average economy. The company would expect only a 10 percent return in a poor economy, an 18 percent return in an average economy, and a 30 percent return in an above-average economy. Use the hypothetical situation above to answer these questions to demonstrate the use of probability analysis in estimating returns: What would the expected return be for this company?What would the standard deviation be for this company?How does the standard deviation help you better understand what to expect in terms of a return?Use at least two resources to support your ideas. Part 2. Deciding on Refinancing Changing interest rates create opportunities for home owners to gain advantage by refinancing their homes. For this part of the assessment, use the following scenario to consider this issue. Imagine you have a $100,000 mortgage. Your current loan is at 7 percent with 14 years left, negotiated one year ago and involving $2,000 in closing costs. You are considering refinancing at 5.5 percent for 15 years. The closing costs would be $1,500. Complete a 1–2 page evaluation of the refinancing possibility. Would you decide to refinance? Why or why not?What qualitative considerations would you consider in your decision to refinance or not refinance?Provide examples of calculations you would use to help you make your decision. In addition, use at least two resources to support your ideas. Additional Requirements Length: Your analyses should total 2–4 double-spaced pages. In addition, include a title page and references page.Written communication: Written communication should be free of errors that detract from the overall message.Style and Formatting: Apply APA style and formatting.Resources: You must use at least two references for each part of the assessment (totaling at least four references).Font and font size: Times New Roman, 12 point.