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Explain Why Health?care Cost Management Has Become Important

question 46

Essay

Explain why health?care cost management has become important. Discuss several strategies available for controlling costs and educating employees on their values.


Definitions:

Sample Size

The tally of data points or observations obtained from a segment of a larger population in a sample.

Jail Time

The period an individual is required to spend in prison as a consequence of a crime they have been convicted of.

Margin of Error

An estimate of the amount of possible error in the results of a survey or poll, often expressed as a percentage.

Confidence Coefficient

The probability that a confidence interval will contain the true parameter value.

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