Medical billing errors and fraud are on the rise. According to one study, 4 out of 5 times, the medical bills received by patients are not right. Using binomial distribution and rounding to the fourth, 1. If a sample of 11 medical bills is selected, what is the probability that MORE than 7 bills contain errors? 2. What are the mean and standard deviation of the probability distribution?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Medical billing errors and fraud are on the rise. According to one study, 4 out of 5 times, the medical bills received by patients are not right. Using binomial distribution and rounding to the fourth,
1. If a sample of 11 medical bills is selected, what is the
2. What are the mean and standard deviation of the probability distribution?
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