A health care provider classifies its customers by their housing situation and whether they have health insurance coverage. The market research department hasgathered data from a random sample of 708 customers.Health Care ConsumersHousing SituationHas Health Insurance CoverageRentOwnYesNo19726678167Copy DataStep 2 of 2: What is the probability that a customer has health insurance coverage and rents their home? Round your answer to four decimal places, if necessary.

Problem Breakdown:The problem asks you to calculate a probability from a dataset, specifically the…

Answered: A health care provider classifies its…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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This problem involves empirical probability. The table shows the breakdown of 95 thousand single parents on active duty in the U.S. military in a certain year. All numbers are in thousands and rounded to the nearest thousand. Use the data in the table to find the probability that a randomly selected single parent in the U.S. military is in the Army. Male Female Total Army 24 10 34 Navy 27 8 35 Marine Corps 5 1 6 Air Force 146 20 Total 70 25 95 The probability that a randomly selected single parent in the U.S. military is in the Army is (Type an integer or decimal rounded to the nearest hundredth as needed.)
use the data to compute the probability that an adult in the tri state region smokes kentucky 47 176 indiana 32 134 ohio 39 182 total 118 492
The U.S. Census Bureau serves as the leading source of quantitative dataabout the nation's people and economy. The following crosstabulationshows the number of households (1000s) and the household income by the highest level of education for the head of household (U.S. Census Bureau website, 2013). Only households in which the head has a high school diploma or more are included. a. Develop a joint probability table.b. What is the probability of the head of one of these householdshaving a master's degree or more education?c. What is the probability of a household headed by someone with ahigh school diploma earning $100,000 or more: d. What is the probability of one of these households having anincome below $25,000?e. What is the probability of a household headed by someone with abachelor's degree earning less than $25,000?f. Is household income independent of educational level?
Compute the Posterior Probabilities by completing the table
8.
2. A city had an unemployment rate of 7%. The mayor pledged to lower this figure and supported programs to decrease unemployment. A group of citizens wanted to test with 0.032 label of significance if the unemployment rate had actually decreased, so they obtained a random sample of 500 citizens to see what proportion of the sample was unemployed. Only 32 citizens in the above sample is still unemployed. What is the probability of Type II error if the actual unemployment rate is 6.5% please don't use software everything needs to be done by hand. Explain because I don't understand my professor. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
a. Consider the Oakdale Furniture Company described in the given problem. Under what circumstances might the major portion of the usage of the glue be predictable?b. If the demand were predictable, would you want to use a probability law todescribe it? Under what circumstances might the use of a probability model of demand be justified even if the demand could be predicted exactly?
24 John works in an appliance store. His sales commission depends on the number of units sold per period, and the overall average price of all units sold. The following is a report of his sales effort in a given month. The report shows the price and the percent of total units sold at that price. Percent of total units Item Price sold A $1,640 10% B 1270 25% C 860 35% D 460 20% E 200 10% The overall mean price of all items sold is, a $930.64 b $912.39 c $894.50 d $876.96
According to a recent Wall Street Journal article, about 2% of new US car sales are electric vehicles (data from Edison Electric Institute reported by Jinjoo Lee, "Peak Oil? Not This Year. Or This Decade," January 9, 2021 pg. B12). Suppose a company has 111 employees who drive new cars (separately) to work each day. What is the probability that at least one of them will drive an electric car? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A scientist claims that 7% of viruses are airborne. If the scientist is accurate, what is the probability that the proportion of airborne viruses in a sample of 741 viruses would be greater than 5% ? Round your answer to four decimal places.
What does the term “variance analysis mean when applied of financial performance of health care organizations?
A particular employee arrives at work sometime between 8:00 a.m. and 8:50 a.m. Based on past experience the company has determined that the employee is equally likely to arrive at any time between 8:00 a.m. and 8:50 a.m. Find the probability that the employee will arrive between 8:25 a.m. and 8:35 a.m. Round your answer to four decimal places, if necessary.

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