Thursday, February 20, 2020

Module 8 DQ 1 and 2 Assignment Example | Topics and Well Written Essays - 500 words

Module 8 DQ 1 and 2 - Assignment Example Particularly, when one knows how to carry out critical appraisal on interval variables, translating the research results and findings into practice becomes possible. For instance, when determining the relationship between temperature and effective treatment, the use of internal variables may come in handy. A physician who is thorough in research studies will for instance know that a temperature of 0.0 on the two sides of the scales must not be misconstrued to mean the absence of temperature, just as a PH of 0.0 will not mean the absence of acidity. The determination of the PH and temperature is very sacrosanct to the provision of healthcare services. The same use of statistical provisions as part of the EBR in medical services provision heavily relies on the concept of statistical significance. By being able to appreciate the importance of significance level, the director of the nursing department will be able to correctly decide whether to discard research findings as false, or to implement them as true. For instance, a statistical significance of .95 will compel the director of the Federal Qualified Healthcare Center, nursing department, to adopt research findings of an inquiry on the relationship between inpatient admission and patient satisfaction. Throughout the course, the connection between the use of research and efficiency in the administration of healthcare services is maintained, and thereby helping the learner appreciate the nexus between EBR and patient-centered medical programs. The term informed consent is a legal jargon applicable in many fields including healthcare. The fundamentals that must be thought out when invoking informed consent from the patient are competency, benefits, risks and details. According to Hahn and Collier (2010), competency demands that the patient should have a mind that is at least able to comprehend the details, benefits and the risks that will accompany a specific form of medical intervention. Likewise,

Tuesday, February 4, 2020

Behind AIG's Fall Case Study Example | Topics and Well Written Essays - 500 words

Behind AIG's Fall - Case Study Example This collapse also triggered skepticism about use of computer driven models. Warren Buffet had warned earlier about the potential risk involved with using such models. AIG either misled its investors or was really in the dark about the potential risk when in during a meeting last December, it assured the investors that this model gave AIG "a very high level of comfort." The problem with the model was that while it took historical data into account to assess potential of default, it would not consider the risk of future collateral calls or write-downs, which has destroyed AIG. The firm also suffered because it had not protected itself through hedging which resulted in exposure to very large collateral calls. AIG has already paid around $8 billion to $9 billion to Goldman Sachs Group in collateral because it was one of the trading partners. Such payments will continue even after the bailout. Gorton had always been passionate about mathematics and joined AIG in 1990. He was paid $250 per hour or around $200,000 a year for his model. He would collect data to assess and forecast losses of various assets including home loans and corporate bonds. AIG came to depend on his models excessively. Since Mr. Gorton never considered write downs or collateral payments to partners, his plan was faulty. He was only focusing on covering actual default.