Violation of the guideline for average patient

Assignment Help Basic Statistics
Reference no: EM1321278

Test whether the average patient should pay no more than $250.

An auditor reviewed 25 oral surgery insurance claims from a particular surgical office, determining that the mean out-of-pocket patient billing above the reimbursed amount was $275.66 with a standard deviation of $78.11. (a) At the 5 percent level of significance, does this sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket? State your hypotheses and decision rule (b) Is this a close decision?

Reference no: EM1321278

Questions Cloud

Find the mean and standard deviation of the total score : Calculate the mean and the standard deviation of the total score?
Trucks significantly having lower accident rate : Test the proportions of yellow fire trucks have a significantly lower accident rate.
Find the required sample size required : Find the required sample size required
Preferable purchase of laptop : Jerry Eller purchases a laptop computer for $995 from the local Preferable Purchase electronics store. He charges the $995 amount on Preferable Purchase "instant credit," and the store has guaranteed him no finance charges
Violation of the guideline for average patient : Does this sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket?
Functions of department store : Mention the following functions of a department store on the service-system design matrix: mail order (that is, catalogue), phone order, hardware, stationery, apparel, cosmetics, customer service (such as taking complaints).
Calculate a confidence interval for the average cost : Calculate a confidence interval for the average cost
Goal using one sided proportion : would this prove that they are exceeding their goal, using = .025?
Decision rule and calculations : At the .10 level of significance, is the coin biased toward heads? Show your decision rule and calculations.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd