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The nurse manager is calculating the cost of offering two bonus incentives to nursing staff for covering call-ins for sickness. After reviewing the statistics, the manager finds that option A is more cost-effective than option B but decides to implement option B because it seems safer. Which option best describes the basis of this decision?
Null Hypothesis
A statement or assumption that indicates no statistical significance or effect, typically that there is no difference between groups or variables.
Standard
A recognized level of quality or attainment or a rule established by authority, custom, or general consent.
Probability
The quantification of the probability that an event will take place, represented by a numeric value ranging from 0 to 1.
IUPAC Name
The methodical approach to naming chemical compounds, as endorsed by the International Union of Pure and Applied Chemistry.
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