The nurse manager is calculating the cost of offering two bonus incentives to nursing staff for covering call-ins for sickness
After reviewing the statistics, the manager finds that option A is more cost-effective than option B but decides to implement option B because it seems safer. Which option best describes the basis of this decision? 1. Probability
2. Probability analysis
3. Objective probability
4. Subjective probability
4
Rationale 1: Probability is the likelihood, expressed as a percentage, that an event will or will not occur.
Rationale 2: Probability analysis is a method of calculating expected risk; this is the method the nurse used to compare the two options.
Rationale 3: Objective probability is the likelihood that an event will or will not occur, based on facts and reliable information.
Rationale 4: Even though option A is more cost-effective, the manager believes option B to be in the best interest of the unit. Subjective probability is the likelihood that an event will or will not occur based on personal judgment and beliefs.
Global Rationale:
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