LYCOS RETRIEVER 
Measurement: Numbers
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The company surveyed dozens of leading pharmaceutical and biotech companies about their clinical development spending, staffing, and performance measurement practices. Survey data reveal that Phase 3 studies are the most costly as measured on a per-patient basis. Phase 2 trials are comparatively cheaper, with the average per-patient cost falling just over $19,300 per patient. Phase 1 trials, which test drugs’ safety on a fraction of the number of patients tested in Phase 3 trials, are even less expensive at nearly $15,700 per patient.
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There is no question that IT will benefit significantly through the adoption of measurement-management techniques. CIO objectives are identical to those of their business peers: superior financial performance, the delivery of high valued services that meet the current and future needs of their customer communities, the achievement of a best-in-class organization. While every CIO seeks to achieve these objectives, in today’s tight economy they may not be seen as doing so. There are a number of reasons for this, which can be overcome through the aggressive use of measurement-management techniques. (more..)
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Through the alliance, PR Newswire will serve as a media resource partner with SCORE and provide a number of online distribution, targeting, measurement, translation and broadcast services. Additionally, the PR Newswire PR Toolkit, a resource that assists small businesses with tips on how to write news releases and become an expert source for media stories, will be available through a link on the SCORE Small Business Web Site at http://toolkit.prnewswire.com/score.
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[A] measurement is taken for the length of the laboratory table and recorded as 183. This number has no real meaning unless expressed with a unit. A correct recording would be 183 centimeters.
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Each "higher" level of measurement includes the measurement principle of the "lower" level of measurement. For example, the numbers 8 and 9 in an interval scale indicate that the object assigned a 9 has more of the attribute being measured than does the object assigned an 8 (ordinal property) and that all persons assigned a 9 have equivalent amounts of the attribute being measured (nominal property). This ... implies that you can do lower level statistics on higher level measurement scales.
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