Health Insurers and the Federal Government Are Both Putting Pressure

question 141

Multiple Choice

Health insurers and the federal government are both putting pressure on hospitals to shorten the average length of stay (LOS) of their patients.In 1996,the average LOS for non-heart patient was 4.6 days.A random sample of 20 hospitals had a mean LOS for non-heart patients in 2000 of 3.8 days and a standard deviation of 1.2 days.Assume LOS is normally distributed.A 95% confidence interval for the population mean LOS for non-heart patients in hospitals for 2000 would be _____.

• A)[3.24,4.36]
• B)[3.67,3.93]
• C)[3.34,4.26]
• D)[3.38,4.22]
• E)[3.27,4.33]

Understand the role of self-serving bias in interpreting personality test results.

Comprehend the difficulties in interpreting the Rorschach inkblot test.

Identify key trait theories in personality psychology.

Understand the concept of moral and ethical judgments in personality assessment.

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Definitions:

Real GDP

An indicator of a country's economic productivity, corrected for fluctuations in price levels, showcasing the genuine value of all produced goods and services.

Aggregate Demand

Refers to the total amount of goods and services demanded in the economy at a given overall price level and in a given time period.

Short-Run Aggregate Supply Curve

Represents the relationship between the total supply of goods and services produced by an economy and the price level for those goods and services in the short run.

Potential Output

The maximum output an economy can produce without causing inflation when all resources are fully employed.