According to the United Healthcare, a visit to a hospital emergency room has a mean cost of $2,200. Assume that the cost for the hospital emergency room visit is normally distributed with a mean of $2,200 and a standard deviation of $592. Answer the following questions about the cost of a hospital emergency room visit for this medical service. Show your work. a. What is the probability that the cost will be more than $3,000? b. What is the probability that the cost will be less than $1,500? c. What is the probability that the cost will be between $1,500 and $3,500? d. If the cost to a patient is in the lower 8% of charges for this medical service, what was the cost of this patient's emergency room visit?
According to the United Healthcare, a visit to a hospital emergency room has a mean cost of $2,200. Assume that the cost for the hospital emergency room visit is normally distributed with a mean of $2,200 and a standard deviation of $592. Answer the following questions about the cost of a hospital emergency room visit for this medical service. Show your work. a. What is the probability that the cost will be more than $3,000? b. What is the probability that the cost will be less than $1,500? c. What is the probability that the cost will be between $1,500 and $3,500? d. If the cost to a patient is in the lower 8% of charges for this medical service, what was the cost of this patient's emergency room visit?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Step 1
Given that the mean and standard deviation of the normal distribution are
Mu = 2200 and standard deviation = 592
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