Question: An important issue facing Americans is the large number of medical malpractice lawsuits and the expenses that they generate. In a study of 1228 randomly

An important issue facing Americans is the large number of medical malpractice lawsuits and the expenses that they generate. In a study of 1228 randomly selected medical malpractice lawsuits, it is found that 856 of them were later dropped or dismissed (based on data from the Physician Insurers Association of America).

a. What is the best point estimate of the proportion of medical malpractice lawsuits that are dropped or dismissed?

b. Construct a 99% confidence interval estimate of the proportion of medical malpractice lawsuits that are dropped or dismissed.

c. Does it appear that the majority of such suits are dropped or dismissed?

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