Download the free version of this Precision tree software to complete the assignment.
Albright, S. C., & Winston, W. L. (2017). Business analytics: Data analysis and decision making (6th ed.). Stamford, CT: Cengage Learning.
Chapter 6, “Decision Making Under Uncertainty”
Chapter 7, “Sampling and Sampling Distributions”
As you have examined this week, healthcare administration leaders are expected to exercise decision making under conditions of uncertainty. Perhaps more so than any other business, healthcare administration leaders face multiple challenges since ineffective business practices might not result in poor performance with their bottom lines and, if not, it might negatively impact patient safety. Understanding how to appropriately exercise decision making under conditions of uncertainty is a useful skill for effective healthcare administration practice.
review the resources for this week, and reflect on how healthcare administration leaders must exercise decision making under conditions of uncertainty. Consider how you might engage in decision making under uncertainty, as you complete the Assignment and the Case Study 6.4 on pages 275-276 of your course text.
Complete Case Study 6.4 (Developing a Helicopter Component for the Army) on pages 275-276 of your course text.
You will need to use Excel and the textbook add-in, “Precision Tree.”