Question

Describe why and when a “coin flip” method can be used for making decisions about clinical...

Describe why and when a “coin flip” method can be used for making decisions about clinical interventions

Homework Answers

Answer #1

A coin flip method can be used in making a decision where we find that the resulting benefit from the two alternatives are almost the same and you are actually confused between those two alternatives and it is important that there are only two possible equally likely alternate is available and not more than that and only when you can use a coin flip method. . Method is used because to arrive at a particular decision without any conflict of dispute among the members involved in it. For example in a cricket match coin flip method is used in deciding which team has to bat first or bowl first.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose you can take a bet that pays you based on a coin flip.  If the coin...
Suppose you can take a bet that pays you based on a coin flip.  If the coin ends on heads you receive nothing, if the coin ends on tales you win $500.  Assume that you are risk averse.  First, describe the concept of Certainty Equivalent Wealth (CEW).  Next, describe how and why your CEW changes if your level of risk aversion were to increase.  Finally, describe how and why your CEW changes if the likelihood of ending on tales is greater than 50%.
Humans have been making decisions throughout history. The methods that we have used historically to make...
Humans have been making decisions throughout history. The methods that we have used historically to make decisions are now being replaced, in some cases, with more advanced decision-making methods. Is this a positive change? Think of an example where a more advanced method produces a positive or negative result. Considering this please address the following prompts in your discussion: Is this a positive change? Why or why not? Describe an example where a more advanced method produces a positive or...
Describe trade-offs that must be considered when making revenue management decisions.
Describe trade-offs that must be considered when making revenue management decisions.
Describe trade-offs that must be considered when making revenue management decisions.
Describe trade-offs that must be considered when making revenue management decisions.
When you were a new graduate, how comfortable were you with clinical decision making? Were there...
When you were a new graduate, how comfortable were you with clinical decision making? Were there techniques used by instructors to help you learn decision making? Did you learn it "on the job"? Focus on the techniques so that the discussion will focus on "how" to help learners think critically and make appropriate clinical decisions.
In this module you learned about making decisions. You learned about the syntax and rules used...
In this module you learned about making decisions. You learned about the syntax and rules used to develop programs containing decisions and how the logic can make your programs more robust. Draw a flowchart for a program that shows the logic for a program that generates a random number. The program will simulate tossing coin. The program should generate a random number(0 and 1). If the random number is 0, then it should display the word "Heads". If the random...
Describe (50–80 words) why it is important to have factual information when making a decision about...
Describe (50–80 words) why it is important to have factual information when making a decision about your organisation’s finances.
When working for a business, explain why making decisions analytically (Quantitively), is usually a better option,...
When working for a business, explain why making decisions analytically (Quantitively), is usually a better option, then by emotions, gut-feeling, and sensibilities (Qualitatively)?
Let’s think about the experiment where you flip a coin two times. Draw a tree diagram...
Let’s think about the experiment where you flip a coin two times. Draw a tree diagram for this experiment. And how many outcomes are possible? List all the outcomes included in each of the following events. A = At least one head is observed. B = Not more than one head is observed. Are the events A and B in part (b), mutually exclusive? Explain why or why not.
5. Describe various high-tech techniques that can be used to enhance the quality of individual decisions...
5. Describe various high-tech techniques that can be used to enhance the quality of individual decisions and group decisions. ( please write long essay)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT