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A health insurance company charges policyholders a $1250 annual premium for health insurance for hospitalization. The company estimates that each time a patient is hospitalized costs the company $2500. Furthermore, they have estimated that 85% of patients will not be hospitalized, 10% will be hospitalized once a year, and no one will be hospitalized more than twice.
(a) Find the insurance company's expected profit per policyholder.
(b) What is the expected profit if they enroll 80,000 policyholders?
what statement should be made about the null and alternative hypothesis based on sample data and significance level?
What is the minimal length of time the body should stay in the mold if the manufacturer wants to be 85% sure that the bonds have hardened?
computing the probability values for the given discrete distribution.five people are sick with the flu on a bus of 51
1. signatures to a petition were collected on 676 sheets. each sheet has enough space for 42 signatures but on many
bob nale is the owner of nales quick fill. bob would like to estimate the mean number of gallons of gasoline sold to
in 2003 approximately 0.38 of the u.s. population had hivaids. of these it was estimated that 24.8 were not aware they
Of the nine members of the board of trustees of a college, five agree with president on a certain issue. The president selects three trustees at random and asks for their opinions. What is the probability that at least two of them would agree with..
the diameters of grapefruits in a certain orchard are normally distributed with a mean of 5.96 inches and a standard
Before you run your scatter diagram answer the following: What do you think you will find? Bigger fields have more seats? Smaller fields have more seats? No relationship exists between field size and number of seats? A strong relationship exists betw..
a and b could have a relationship that is negative meaning they are headed in opposite directions or positive meaning
C-Spec has determined that the machine has a sample mean of 4.001 inches with a standard deviation of .002 inch. Calculate the (capability index) for this machine.
the u.s. census bureau annual social amp economic supplement collects demographics concerning the number of people in
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