A study of 36,000 hospital admissions in New York State found that 5% of the admissions led to treatment-caused injuries.One-seventh of these treatment-caused injuries resulted in death, and one-fourth were caused by negligence. Malpractice claimswere filed in one out of 7.5 cases involving negligence, and payments were made in one out of every two claims.(a) What is the probability a person admitted to the hospital will suffer a treatment-caused injury due to negligence?(b) What is the probability a person admitted to the hospital will die from a treatment-caused injury? (Round your answer tothree decimal places.)(c) What is the probability a person admitted to the hospital is paid a malpractice claim? (Round your answer to five decimalplaces.)

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Answered: pital admissions in New York State…

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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A company prices its tornado insurance using the following assumptions:• In any calendar year, there can be at most one tornado.• In any calendar year, the probability of a tornado is 0.08.• The number of tornadoes in any calendar year is independent of the number of tornados in any other calendar year.Using the company's assumptions, calculate the probability that there are fewer than 4 tornadoes in a 22-year period.
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Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest to Moria. Based on past experience, the probability of surviving such a quest is 80.6%. If BIC charges a premium of 8,499 silver coins and would pay a death benefit of 52,297 silver coins if the insured were to die, what is the expected value of this insurance policy to BIC?
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A company prices its tornado insurance using the following assumptions: • In any calendar year, there can be at most one tornado. • In any calendar year, the probability of a tornado is 0.07. • The number of tornadoes in any calendar year is independent of the number of tornados in any other calendar year. Using the company's assumptions, calculate the probability that there are fewer than 2 tornadoes in 15-year
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Please answer the attached third problem
Suppose a company charges an annual premium of $475 for a fire insurance policy. in case of a fire claim, the company will pay out an average of $100,000. Based on acturial studies, it determines that the probability of a fire claim in a year is about 0.004. 1) what is the expected annual profit of a fire insurance policy for the company? 2) What annual profit can the company expect if it issues 1000 policies?
After being rejected for employment, Appa Love learns that the Old West Credit Company has hired only 5 women among the last 25 new employees. She also learns that the pool of applicants is very large, with an approximately equal number of qualified men as qualified women. Help her address the charge of gender discrimination by finding the probability of hiring 5 or fewer women when 25 people are hired, assuming that there is no discrimination based on gender. That is, address the claim that the proportion of females hired is 50%. Use the sample data stated above. a. The null and alternative hypothesis would be: Ho : μ 0.5 H₁: p > 0.5 H₁ μ Σ+ Σ Α
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