Explain how markov chains work in a way that even a child would understand.
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HCAD 640 UMGC Financial Management for Health Care Organizations Questions & MEMO
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HCAD 640 UMGC Financial Management for Health Care Organizations Questions & MEMO
Instructions Maryland Home and Community-Based Services (MHCBS) is considering a major expansion that will enable it to attract a different clientele to its organization. Currently, they serve only 34% of the frail elderly seniors and persons with disabilities in the local area. The new chief CEO would like the organization to expand its revenue stream by investing in a senior multipurpose center serving healthy seniors by offering them arts and crafts and health and wellness programs. The center will also contain an Internet café offering nutritious breakfast and lunch options. The CEO has commissioned a needs assessment, and the study’s results reveal that there are approximately 120 seniors in the local community who are interested in this center and the CEO expects growth of the aging population to be at least 10% each year. Cost growth across all areas of expense is expected to rise by 5% each year. The CEO has presented her proposal and financial information to the Board of Directors, and they have advised her that they are in full support of her strategy only if the program is a benefit to the community and if the organization can recoup its investment in five years. The CEO has asked you if this can be achieved.Based on the information presented in the scenario, calculate the two analyses and explain, in a brief memorandum to the CEO, their implications. Service Line Break Even Analysis Memo The proposed costs to operate this new facility are as follows: Expected Monthly Revenue (Membership Fee): $125 per person Monthly Fixed Costs Utilities: $590 Health/Wellness Staff: $2,500 Arts/Crafts Staff: $2,000 Supplies: $800 Fitness Equipment Maintenance Contract: $200 Variable Costs Monthly Lunch Cost: $25 Monthly Breakfast Cost: $15 Based on the information above, once the minimum threshold of participants is reached, the initial investment to establish the center is $317,880. The organization anticipates that it will generate $46,920 of net revenues in the first year, $68,166 in the second year, $93,404 in the third year, $123,287 in the fourth year, and $158,573 in the fifth year. Perform the break-even analysis to determine how many seniors would need to have a full monthly membership for UMGC Home and Community-Based Services to cover its monthly expenses. Calculate the payback period to determine how long it will take for the organization to recover its initial investment of establishing the senior multipurpose center.
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HCAD 640 UMGC Financial Management for Health Care Organizations Questions & MEMO
Instructions Maryland Home and Community-Based Services (MHCBS) is considering a major expansion that will enable it to a ...
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Instructions Maryland Home and Community-Based Services (MHCBS) is considering a major expansion that will enable it to attract a different clientele to its organization. Currently, they serve only 34% of the frail elderly seniors and persons with disabilities in the local area. The new chief CEO would like the organization to expand its revenue stream by investing in a senior multipurpose center serving healthy seniors by offering them arts and crafts and health and wellness programs. The center will also contain an Internet café offering nutritious breakfast and lunch options. The CEO has commissioned a needs assessment, and the study’s results reveal that there are approximately 120 seniors in the local community who are interested in this center and the CEO expects growth of the aging population to be at least 10% each year. Cost growth across all areas of expense is expected to rise by 5% each year. The CEO has presented her proposal and financial information to the Board of Directors, and they have advised her that they are in full support of her strategy only if the program is a benefit to the community and if the organization can recoup its investment in five years. The CEO has asked you if this can be achieved.Based on the information presented in the scenario, calculate the two analyses and explain, in a brief memorandum to the CEO, their implications. Service Line Break Even Analysis Memo The proposed costs to operate this new facility are as follows: Expected Monthly Revenue (Membership Fee): $125 per person Monthly Fixed Costs Utilities: $590 Health/Wellness Staff: $2,500 Arts/Crafts Staff: $2,000 Supplies: $800 Fitness Equipment Maintenance Contract: $200 Variable Costs Monthly Lunch Cost: $25 Monthly Breakfast Cost: $15 Based on the information above, once the minimum threshold of participants is reached, the initial investment to establish the center is $317,880. The organization anticipates that it will generate $46,920 of net revenues in the first year, $68,166 in the second year, $93,404 in the third year, $123,287 in the fourth year, and $158,573 in the fifth year. Perform the break-even analysis to determine how many seniors would need to have a full monthly membership for UMGC Home and Community-Based Services to cover its monthly expenses. Calculate the payback period to determine how long it will take for the organization to recover its initial investment of establishing the senior multipurpose center.
WCU Nursing Field Medical Statistics Funds Management and Medical Studies Discussion
How do you use statistics in your work as a nurse or healthcare provider? Find and discuss at least two examples of how st ...
WCU Nursing Field Medical Statistics Funds Management and Medical Studies Discussion
How do you use statistics in your work as a nurse or healthcare provider? Find and discuss at least two examples of how statistics are used in your field. Do you feel like statistics are a vital part of the nursing field? Why or why not?Minimum 250 WordsSimple discussion post1 Source
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1 - Review the four "ANOVA" videos in the Calculations section of the "Statistics Visual Learner" media piece. https://lc. ...
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1 - Review the four "ANOVA" videos in the Calculations section of the "Statistics Visual Learner" media piece. https://lc.gcumedia.com/hlt362v/the-visual-learner...Explain
the major differences between analyzing a one-way ANOVA versus a
two-factor ANOVA, and explain why factorial designs with two or more
independent variables (or factors) can become very difficult to
interpret.2 - Explain how the ANOVA technique avoids the problem of the inflated
probability of making Type I error that would arise using the
alternative method of comparing groups two at a time using the t-test
for independent groups.3 -In
two-way ANOVA test, how many sets of hypotheses do we test? Provide an
example of two-way ANOVA test and set up appropriate hypotheses.
3 pages
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The data below represents the number of hits on your web site over 10 months. 1. Make a scatter plot of ln y versus x. Use ...
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