Which of the Following Is True with Regard to Sigma

question 9

Multiple Choice

Which of the following is true with regard to sigma levels for the health care industry?

• A)Operating at the 4σ quality level can be too demanding.
• B)Operating at lower sigma levels given the inherent variation from one patient to another.
• C)Operating at the 3σ quality level can be too risky.
• D)Operating at the 3σ quality level can be too expensive.

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Definitions:

Total Amount

The aggregate sum resulting from the addition of numbers, amounts, objects, etc.

Ordinary Interest

Interest calculation based on a 360-day year, often used in banking and finance, as opposed to real interest which is based on a 365-day year.

Exact Interest

Interest calculated based on a 365-day year or actual number of days in a loan term, providing a precise calculation of interest charges.

Ordinary Interest

Interest calculated on the basis of a 360-day year, commonly used in banking and bond markets.