A Hospital Is Trying to Determine the Cause of the Recent

question 58

Essay

A hospital is trying to determine the cause of the recent increase in the average length of stay. Explain why a data mining approach to answering this question might be useful.

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Definitions:

Interim Financial Statements

Financial reports that cover a period of less than one full fiscal year, often used to provide a more immediate view of a company's financial health.

Dissimilar

Pertaining to things that are not alike or have no likeness or similarity.

Immaterial

Refers to the insignificance of information or amounts that would not influence the decision-making process of users of financial statements.

Aggregation

involves the process of combining multiple pieces of data or information to form a summary or a whole, used extensively in statistics, data analysis, and reporting.