A hospital's financial reimbursement payor mix indicates 25% of the population have Medicare and 10% have Medicaid.
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Question:
A hospital's financial reimbursement payor mix indicates 25% of the population have Medicare and 10% have Medicaid. Of those who have Medicare, there is a 5% chance they also have Medicaid.
What is the probability that a hospital patient has both Medicare and Medicaid?
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