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Week 4 Discussion: Probability
Probability plays a major role in the medical community. Diagnoses are based on probabilities. They are really questions o ...
Week 4 Discussion: Probability
Probability plays a major role in the medical community. Diagnoses are based on probabilities. They are really questions or "what if's", and are answered by the probability that the treatment will be the best for the ailment.
Let's look at probability in terms of both the real world and the medical community.
Survey 30 people to find out if they are left-handed or right-handed, and use the following chart to create a contingency table with the information.
Left handed Right handed Total Female Male Total
Answer the following questions about the information in your contingency table:
If a person is randomly selected from the survey participants, what is the probability that the person will be left-handed?
If you randomly choose a female from the people you surveyed, what is the probability that she is left-handed?
What is the odds ratio of choosing a left-handed female?
What is the relative risk of choosing a left-handed female?
Example
Green
Blue
Total
Cats
40 (A)
20 (B)
60 (A+B)
Dogs
30 (C)
40 (D)
70 (C+D)
Total
70 (A+C)
60 (B+D)
130 (A+B+C+D)
Probability of Green - (A+C)/(A+B+C+D): 70/130 = 54%
Probability of Green Cat - A/(A+B): 40/60 = 67%
Odds Ratio of Green Cat - (A/B)/(C/D) or AD/BC: (40*40)/(20*30) = 1600/600 = 2.67%
Relative Risk of Green Cat - [A/(A+C)]/[B/(B+D)]: (40/70)/(20/60) = 17.14%
Skim through at least one of the following articles on left-handed vs. right-handed people from the Chamberlain Library. Answer the following question: How do the probabilities and percentages for your study compare to those in the study you read?
Southern New Hampshire University Costing Methods Discussion
verviewCompanies choose their costing method based on their business activities and processes, as well as the products and ...
Southern New Hampshire University Costing Methods Discussion
verviewCompanies choose their costing method based on their business activities and processes, as well as the products and services they offer. A company can be a manufacturing, merchandising, or service organization; this also impacts which costing method will be most useful for its purposes. As a part of costing, the company also needs to decide how to classify overhead costs using either traditional or activity-based costing (ABC).In this written assignment, you will choose a company, consider its business and costing requirements, and recommend a costing system that will work best for the business.PromptThink about a company you know. This could be a current or past employer or a company you admire. Consider its business activities and the type of products and services offered. Based on what you have learned so far, write a short paper that reflects on the different costing methods and speculates on how they might apply to your selected company.Specifically, you must address the following rubric criteria:Company Overview: Identify the company you selected and provide a brief overview of its business.
Is it a manufacturing, merchandising, or service organization?Costing Methods: Compare the job order and process costing methods, and explain how each of these can be applied to the company.
How could the costs differ if one method is chosen over the other?Factory Overhead: Outline possible indirect or overhead costs the company may need to account for, and identify the type of costing the company might use for these costs.If the company decides to use activity-based costing (ABC), what are some activity bases (cost drivers) it might use to allocate these costs?Recommendation: Based on your analysis, recommend a costing method for the company, and explain why you think this method will work best for the business.Guidelines for SubmissionSubmit your assignment as a 2- to 4-page Word document. Sources should be cited according to APA style.Module Three Assignment RubricCriteriaExemplaryProficientNeeds ImprovementNot EvidentValueCompany OverviewN/AIdentifies the company selected and provides a brief overview of its business, including specifying whether it is a manufacturing, merchandising, or service organization (100%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include providing a clear company overview and specifying the nature of the business (85%)Does not attempt criterion (0%)10Costing MethodsExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Compares the job order and process costing methods; explains how each of these can be applied to the selected company; specifies how the costs would be affected in each method (85%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include adequately describing the two costing methods and how they can be applied to the company and specifying how the costs would differ if one method is chosen over the other (55%)Does not attempt criterion (0%)30Factory OverheadOutlines possible indirect or overhead costs the company may need to account for; identifies the type of costing the company might use for these costs; identifies more than one activity base the company may use if it chooses ABC to allocate overhead costs (100%)Outlines possible indirect or overhead costs the company may need to account for; identifies the type of costing the company might use for these costs; identifies at least one activity base the company may use if it chooses ABC to allocate overhead costs (85%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include listing relevant and plausible overhead costs for the selected business; identifying a costing method for allocating the overhead costs; and identifying correct activity bases for use with the ABC method (55%)Does not attempt criterion (0%)30RecommendationExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Recommends a costing method for the company; uses sound reasoning to explain why this method will work best for the business (85%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include using clear, sound reasoning to explain why the recommended costing method would work best (55%)Does not attempt criterion (0%)20Articulation of ResponseExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose (85%)Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readability (55%)Submission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas (0%)5Citations and AttributionsUses citations for ideas requiring attribution, with few or no minor errors (100%)Uses citations for ideas requiring attribution, with consistent minor errors (85%)Uses citations for ideas requiring attribution, with major errors (55%)Does not use citations for ideas requiring attribution (0%)5Total:100%
Walden Wk 7 Effect of Maternal Psychiatric Disorders Depression Anxiety Questions
This exam will consist of 20 multiple-choice or true/false questions randomly chosen from a test bank. No two students wil ...
Walden Wk 7 Effect of Maternal Psychiatric Disorders Depression Anxiety Questions
This exam will consist of 20 multiple-choice or true/false questions randomly chosen from a test bank. No two students will have the same exam. You will have 5 hours to complete the exam. This exam consists of two parts. In the first part, you will enter your exam answers to the 20 questions into the Blackboard Exam area. For the second part of the exam, you will submit a supporting document that shows your work and/or reasoning for each of your exam answers. For each exam answer, you should show the calculations, reasoning, or justification for how you arrived at your exam answer. This document must be submitted no later than 2 hours after completing and submitting the exam answers in Blackboard, and it will be submitted to a separate Week 7 Exam Supporting Document submission area. This supporting document does not have to follow APA formatting requirements and will not be graded separately;
12 pages
Unit 2 Evaluation
If we see the coordinates where are the points in graphic a we can see that corresponds to these If we see the coordinates ...
Unit 2 Evaluation
If we see the coordinates where are the points in graphic a we can see that corresponds to these If we see the coordinates where are the points in ...
University of Maryland Global Introduction to Statistics Final Exam
The directions are attach and in bold/red on attached form. The answer sheet is also attached. Work must be shown has stat ...
University of Maryland Global Introduction to Statistics Final Exam
The directions are attach and in bold/red on attached form. The answer sheet is also attached. Work must be shown has stated on directions/test questions. Thanks!!!
RSCH8210/7210/6210 Walden University WK8 Correlation & Bivariate Regression HW
Write a 3- to 5-paragraph critique of the article. In your critique, include responses to the following:What is the resear ...
RSCH8210/7210/6210 Walden University WK8 Correlation & Bivariate Regression HW
Write a 3- to 5-paragraph critique of the article. In your critique, include responses to the following:What is the research design used by the authors?Why did the authors use correlation or bivariate regression?Do you think it’s the most appropriate choice? Why or why not?Did the authors display the data?Do the results stand alone? Why or why not?Did the authors report effect size? If yes, is this meaningful?
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Most Popular Content
Week 4 Discussion: Probability
Probability plays a major role in the medical community. Diagnoses are based on probabilities. They are really questions o ...
Week 4 Discussion: Probability
Probability plays a major role in the medical community. Diagnoses are based on probabilities. They are really questions or "what if's", and are answered by the probability that the treatment will be the best for the ailment.
Let's look at probability in terms of both the real world and the medical community.
Survey 30 people to find out if they are left-handed or right-handed, and use the following chart to create a contingency table with the information.
Left handed Right handed Total Female Male Total
Answer the following questions about the information in your contingency table:
If a person is randomly selected from the survey participants, what is the probability that the person will be left-handed?
If you randomly choose a female from the people you surveyed, what is the probability that she is left-handed?
What is the odds ratio of choosing a left-handed female?
What is the relative risk of choosing a left-handed female?
Example
Green
Blue
Total
Cats
40 (A)
20 (B)
60 (A+B)
Dogs
30 (C)
40 (D)
70 (C+D)
Total
70 (A+C)
60 (B+D)
130 (A+B+C+D)
Probability of Green - (A+C)/(A+B+C+D): 70/130 = 54%
Probability of Green Cat - A/(A+B): 40/60 = 67%
Odds Ratio of Green Cat - (A/B)/(C/D) or AD/BC: (40*40)/(20*30) = 1600/600 = 2.67%
Relative Risk of Green Cat - [A/(A+C)]/[B/(B+D)]: (40/70)/(20/60) = 17.14%
Skim through at least one of the following articles on left-handed vs. right-handed people from the Chamberlain Library. Answer the following question: How do the probabilities and percentages for your study compare to those in the study you read?
Southern New Hampshire University Costing Methods Discussion
verviewCompanies choose their costing method based on their business activities and processes, as well as the products and ...
Southern New Hampshire University Costing Methods Discussion
verviewCompanies choose their costing method based on their business activities and processes, as well as the products and services they offer. A company can be a manufacturing, merchandising, or service organization; this also impacts which costing method will be most useful for its purposes. As a part of costing, the company also needs to decide how to classify overhead costs using either traditional or activity-based costing (ABC).In this written assignment, you will choose a company, consider its business and costing requirements, and recommend a costing system that will work best for the business.PromptThink about a company you know. This could be a current or past employer or a company you admire. Consider its business activities and the type of products and services offered. Based on what you have learned so far, write a short paper that reflects on the different costing methods and speculates on how they might apply to your selected company.Specifically, you must address the following rubric criteria:Company Overview: Identify the company you selected and provide a brief overview of its business.
Is it a manufacturing, merchandising, or service organization?Costing Methods: Compare the job order and process costing methods, and explain how each of these can be applied to the company.
How could the costs differ if one method is chosen over the other?Factory Overhead: Outline possible indirect or overhead costs the company may need to account for, and identify the type of costing the company might use for these costs.If the company decides to use activity-based costing (ABC), what are some activity bases (cost drivers) it might use to allocate these costs?Recommendation: Based on your analysis, recommend a costing method for the company, and explain why you think this method will work best for the business.Guidelines for SubmissionSubmit your assignment as a 2- to 4-page Word document. Sources should be cited according to APA style.Module Three Assignment RubricCriteriaExemplaryProficientNeeds ImprovementNot EvidentValueCompany OverviewN/AIdentifies the company selected and provides a brief overview of its business, including specifying whether it is a manufacturing, merchandising, or service organization (100%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include providing a clear company overview and specifying the nature of the business (85%)Does not attempt criterion (0%)10Costing MethodsExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Compares the job order and process costing methods; explains how each of these can be applied to the selected company; specifies how the costs would be affected in each method (85%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include adequately describing the two costing methods and how they can be applied to the company and specifying how the costs would differ if one method is chosen over the other (55%)Does not attempt criterion (0%)30Factory OverheadOutlines possible indirect or overhead costs the company may need to account for; identifies the type of costing the company might use for these costs; identifies more than one activity base the company may use if it chooses ABC to allocate overhead costs (100%)Outlines possible indirect or overhead costs the company may need to account for; identifies the type of costing the company might use for these costs; identifies at least one activity base the company may use if it chooses ABC to allocate overhead costs (85%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include listing relevant and plausible overhead costs for the selected business; identifying a costing method for allocating the overhead costs; and identifying correct activity bases for use with the ABC method (55%)Does not attempt criterion (0%)30RecommendationExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Recommends a costing method for the company; uses sound reasoning to explain why this method will work best for the business (85%)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include using clear, sound reasoning to explain why the recommended costing method would work best (55%)Does not attempt criterion (0%)20Articulation of ResponseExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose (85%)Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readability (55%)Submission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas (0%)5Citations and AttributionsUses citations for ideas requiring attribution, with few or no minor errors (100%)Uses citations for ideas requiring attribution, with consistent minor errors (85%)Uses citations for ideas requiring attribution, with major errors (55%)Does not use citations for ideas requiring attribution (0%)5Total:100%
Walden Wk 7 Effect of Maternal Psychiatric Disorders Depression Anxiety Questions
This exam will consist of 20 multiple-choice or true/false questions randomly chosen from a test bank. No two students wil ...
Walden Wk 7 Effect of Maternal Psychiatric Disorders Depression Anxiety Questions
This exam will consist of 20 multiple-choice or true/false questions randomly chosen from a test bank. No two students will have the same exam. You will have 5 hours to complete the exam. This exam consists of two parts. In the first part, you will enter your exam answers to the 20 questions into the Blackboard Exam area. For the second part of the exam, you will submit a supporting document that shows your work and/or reasoning for each of your exam answers. For each exam answer, you should show the calculations, reasoning, or justification for how you arrived at your exam answer. This document must be submitted no later than 2 hours after completing and submitting the exam answers in Blackboard, and it will be submitted to a separate Week 7 Exam Supporting Document submission area. This supporting document does not have to follow APA formatting requirements and will not be graded separately;
12 pages
Unit 2 Evaluation
If we see the coordinates where are the points in graphic a we can see that corresponds to these If we see the coordinates ...
Unit 2 Evaluation
If we see the coordinates where are the points in graphic a we can see that corresponds to these If we see the coordinates where are the points in ...
University of Maryland Global Introduction to Statistics Final Exam
The directions are attach and in bold/red on attached form. The answer sheet is also attached. Work must be shown has stat ...
University of Maryland Global Introduction to Statistics Final Exam
The directions are attach and in bold/red on attached form. The answer sheet is also attached. Work must be shown has stated on directions/test questions. Thanks!!!
RSCH8210/7210/6210 Walden University WK8 Correlation & Bivariate Regression HW
Write a 3- to 5-paragraph critique of the article. In your critique, include responses to the following:What is the resear ...
RSCH8210/7210/6210 Walden University WK8 Correlation & Bivariate Regression HW
Write a 3- to 5-paragraph critique of the article. In your critique, include responses to the following:What is the research design used by the authors?Why did the authors use correlation or bivariate regression?Do you think it’s the most appropriate choice? Why or why not?Did the authors display the data?Do the results stand alone? Why or why not?Did the authors report effect size? If yes, is this meaningful?
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