Wolf Hospital is deciding whether or not to expand their

Last updated: 4/19/2023

Wolf Hospital is deciding whether or not to expand their services and invest in newer technology Review the data below and then answer the questions Wolf Hospital sees 10 000 patients a year If they invest in a new MRI machine they are expecting to see an influx of 2 000 more patients a year The MRI machine will cost the facility 1 000 000 The hospital predicts they will see an increase in revenue of 100 000 a year if they invest in this new technology Based on this information would you advise Wolf Hospital to buy the MRI machine or not Why or why not What other information should you take into consideration What data is missing that would help you make a more informed decision How could you go about finding out this information or collecting additional data