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Scenario D: Sunrise Health Systems has hired a consultant to help with organizational decision making.The consultant's first meeting is set up to explain to the managers of Sunrise Health Systems various models of organizational decision processes.Each of the managers seems to prefer one of the models over the others.
-When the management discussed making decisions in a crisis,the consultant suggested an effective plan for crisis management.Which of the following elements would have been included in the plan for crisis management given by the consultant?
Interval Estimation
Estimation of a population parameter with a range, or interval, of values within which one has a certain degree of confidence the population parameter falls.
Confidence Interval
A collection of numerical indicators, derived from sampling statistics, believed to contain the estimations of an obscure population parameter.
Sample Size
The number of observations or data points collected in a sample from a population for the purpose of statistical analysis.
Confidence Interval
A range of values, derived from sample data, that likely contain the population parameter with a certain level of confidence.
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