Describe the similarities between an F-ratio and a t statistic..pdf

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Describe the similarities and differences between the cost-leadership strategy and the focused cost-leadership strategy; and between the differentiation strategy and the focused differentiation strategy. Solution Hi, Please find the correct answer as follows; Similarity: The similarity between the cost-leadership strategy and the focused cost-leadership strategy is that they both focus on prividng the product at a lower cost to the consumers. Difference; The difference between the two is that cost leadership competes on the basis of lower costs while the focussed cost-ledership competes on the basis of lower prices. A focused cost leadership strategy requires competing based on price to target a narrow market --------- Similarity: Similarity between the differentiation strategy and the focused differentiation strategy is that both focuses on providing differentiated products Difference: The difference between the two is that differentiation strategy only focusses on providing differentiated products while focused differentiation strategy means targeting a small group of customers with differentiated product along with cost leadership.

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Describe the similarities between an F-ratio and a
t statistic.
Solution
The F-distribution arises frequently as the null distribution of a test statistic,
especially in likelihood-ratio tests, perhaps most notably in the analysis of variance; see F-test.
(ANALYSIS OF VARIANCE) T-staistic is sampling based on a normal distribution, then
subtracting the expected value of the statistic (the mean µk of its sampling distribution),
(ANALYSIS OF MEAN)

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Describe what you think is the greatest challenge for the health care manager when it comes to managing productivity. What methods would you use to overcome resistance from coworkers? Solution The greatest challenge for the health care manager when it comes to managing productivity are absenteeism, presenteeism and employee turnover or replacement costs. Absenteeism is generally defined as the number of days missed from the workplace.Reasons for absenteeism include workers\' compensation, short-term disability, long-term disability, sick leave, family medical leave, personal time off, and unpaid leave. Presenteeism is defined as time not on task, Quality of work, instances and magnitude of mistakes, capacity for peak performance, injury rates, Quantity of work.work capacity or output, factors such as personal , mental, social, physical, emotional, functional status etc. Employee turnover and replacement costs include the decreased productivity output associated with the cost of hiring and training new employees. Methods To use to overcome resistance Moreover Supervisors who directly manage employees are prime change agents. They must be won over, trained to manage the change, with their feedback evaluated as change moves forward. Such communication is important for employees as well, since full disclosure breeds security, a remedy for resistance. Leaders should address individual concerns employees might have about job security, wages and loss of control. Eroding resistance means giving employees reasons to lower defenses..

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Describe the similarities between an F-ratio and a t statistic..pdf