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A nursing informatics specialist hired by Blue Cross/Blue Shield Insurance System (a form of third-party payers benefit package for a prepaid fee that uses specific standards to approve a period of time for the use of inpatient and community health services) is participating in:
Standard Deviation
A quantification of the range or diversity in a dataset, illustrating the difference of the numbers from their mean value.
Mean
The average of a set of numbers, calculated by adding them together and dividing by the count of numbers.
Sample Variance
A measure of variability within a sample dataset, calculated by taking the sum of squared differences from the mean divided by the number of observations minus one.
Standard Deviation
A statistics metric that quantifies the variation or dispersion of a set of values.
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