Define Business Process

question 68

Essay

Define business process.What might be a business process used at a hospital?

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Definitions:

Decision Variable

A variable representing choices available to the decision maker in decision making or optimization problems.

Purchase Quantity

The number of units of a product or service bought in a transaction.

Bootstrapping

A self-sustaining process that proceeds without external help, in statistics, it's a method for assigning measures of accuracy to sample estimates.

Statistical Technique

A systematic approach used in statistics to collect, organize, interpret, and analyze data to make informed decisions.