The average yearly Medicare Hospital Insurance benefit per person was $4064 in a recent year. If the
Question:
The average yearly Medicare Hospital Insurance benefit per person was $4064 in a recent year. If the benefits are normally distributed with a standard deviation of $460, find the probability that the mean benefit for a random sample of 20 patients is
a. Less than $3800
b. More than $4100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
a P z 257 0005...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
The average prison sentence for a person convicted of second-degree murder is 15 years. If the sentences are normally distributed with a standard deviation of 2.1 years, find these probabilities: a....
-
Refer to Exercise 8.3. Assume that recent wedding costs in the United States are normally distributed with a standard deviation of $8100. a. Determine a 95.44% confidence interval for the mean cost,...
-
In planning for hot water requirements, the manager of the Luxurion Hotel finds that guests spend a mean of 11.4 minutes each day in the shower (based on data from the Opinion Research Corporation)....
-
4. (23 pts) A plate is loaded so that a state of plane strain (Ezz- &zx=&zy =0) exists. (a) Determine the displacements for the plate for the deformations shown, i.e. finding u-Cixy and v=C2xy. (b)...
-
Companies should be allowed to screen people based on their general attitudes toward unions.
-
A solid sphere of mass m and radius r rolls without slipping along the track shown in Figure P10.79. It starts from rest with the lowest point of the sphere at height h above the bottom of the loop...
-
The table below shows the population heights (in inches) and weights (in pounds) of the members of a basketball team. Find the coefficient of variation for the heights and the weights. Then compare...
-
A supplier of instrument gauge clusters uses a kanban system to control material low. The gauge cluster housings are transported five at a time. A fabrication center produces approximately 10 gauges...
-
The X hotel desires to earn after-tax income of $150,000 in 2021. Its average daily rate (ADR) is $70, and its variable costs per room sold equal $40. Its annual fixed costs total $160,000, and its...
-
In cryptography, cipher text is encrypted or encoded text that is unreadable by a human or computer without the proper algorithm to decrypt it into plain text. The impact of erroneous cipher texts on...
-
The Old Farmers Almanac reports that the average person uses 123 gallons of water daily. If the standard deviation is 21 gallons, find the probability that the mean of a randomly selected sample of...
-
Procter & Gamble reported that an American family of four washes an average of 1 ton (2000 pounds) of clothes each year. If the standard deviation of the distribution is 187.5 pounds, find the...
-
Fu Wong has a sum of money, which he wishes to invest in shares. He has decided to invest in one of two companies, Chinoso plc or Paxorient plc. Fu Wong has carried out research on the internet and...
-
respond to the following post with insights and questions: The first concerning thing about Audio Partner's cash flow statement is its format. The Audio Partners' cash flow from operating expenses...
-
Submit a Critique Essay Process Assignment: break down the argument of source; reverse outline; summarize source Use this Source: Carmakers Say Recycling Parts Could Cut Waste. Is It Realistic?...
-
Alpha Wholefood Company has forecasted the following sales during 2024: $360,000 in February, $470,000 in March, $400,000 in April and $450,000 in May. All sales are on credit. 20% is collected the...
-
Highjinks, Inc., has provided the following budgeted data: Sales 20,000 units Selling price $ 100 per unit Variable expense $ 70 per unit Fixed expense $ 450,000 How many units would the company have...
-
Blanchard, Inc., is considering introducing a new product and wants to earn a 15% return on sales. If the market price is estimated to be $200, the most the company can spend and still achieve the...
-
In the figure below, triangles ABC and ABX are both right triangles. If the length of AB is 6 units, the length of BX is 10 units, and the length of XC is 4 units, what is the length of BC? A. 11 B....
-
Based on the scenario described below, generate all possible association rules with values for confidence, support (for dependent), and lift. Submit your solutions in a Word document (name it...
-
A lottery game called Quinto is played by choosing five numbers each, from 0 through 9. How many numbers are possible? Although repeats are allowed, how many numbers are possible if repeats are not...
-
Three bands and two comics are performing for a student talent show. How many different programs (in terms of order) can be arranged? How many if the comics must perform between bands?
-
If five dice are rolled, how many different outcomes are there?
-
Despite these changes, according to you, what factors have helped Google maintain consistent branding and brand identity?
-
0.3 Define the following elements: 0.3.1 A project ymobroA spbhd (5)
-
Calculate the \Delta H of the Target Reaction: CO2(g) C(s) + O2(g) Step Reactions: 1 Eqn. 1 HO(l) H2(g) + O2(g), AH = 643kJ Eqn. 2 CH (9)2C(s) + 3H2(g), AH = 190.6kJ Eqn. 3 2CO2(g) + 3H2O(l) CH(g) +...
Study smarter with the SolutionInn App