Guidelines for the Jolly Blue Giant Health Insurance Company Say

question 24

Multiple Choice

Guidelines for the Jolly Blue Giant Health Insurance Company say that the average hospitalization for a triple hernia operation should not exceed 30 hours. A diligent auditor studied records of 16 randomly chosen triple hernia operations at Hackmore Hospital, and found a mean hospital stay of 40 hours with a standard deviation of 20 hours. "Aha!" she cried, "the average stay exceeds the guideline." The p-value for a right-tailed test of her hypothesis is:

• A)between .05 and .10.
• B)between .025 and .05.
• C)between .01 and .025.
• D)less than .01.

Comprehend the significance of firm-specific human capital.

Understand the impact of AI and advanced algorithms on HR forecasting and planning.

Recognize long-term HR priorities identified by organizations.

Understand the economic effects of World War I on the American economy, including inflation, unemployment, and shifts in consumer behavior.

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Definitions:

Payable

Refers to an amount of money that must be paid, typically in the context of bills or debts.

Insurance Agent

a professional who sells, solicits, or negotiates insurance policies on behalf of an insurance company to clients.

Bearer Instruments

Financial documents that entitle the holder or bearer to a sum of money or value stated on the document, without requiring ownership registration.

Indorsement

An act of signing a document, often found on the back of a check, to transfer rights or to authenticate.