Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
6th Edition
ISBN: 9781337589383
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 5.5, Problem 35E
The Center for Medicare and Medical Services reported that there were 295,000 appeals for hospitalization and other Part A Medicare service. For this group, 40% of first-round appeals were successful (The Wall Street Journal, October 22, 2012). Suppose 10 first-round appeals have just been received by a Medicare appeals office.
- a. Compute the
probability that none of the appeals will be successful. - b. Compute the probability that exactly one of the appeals will be successful.
- c. What is the probability that at least two of the appeals will be successful?
- d. What is the probability that more than half of the appeals will be successful?
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
b) Given the following statistics, what is the probability that a woman has cancer if she has a positive mammogram result?
-One percent of women over 50 have breast cancer.
-Ninety percent of women who have breast cancer test positive on mammograms.
-Eight percent of women will have false positives.
An instructor who taught two sections of engineering statistics last term, the first with 25 students and the second with 40, decided to assign a term project. After all projects had been turned in, the instructor randomly ordered them before grading. Consider the first 15 graded projects.
(a)
What is the probability that exactly 10 of these are from the second section? (Round your answer to four decimal places.)
(b)
What is the probability that at least 10 of these are from the second section? (Round your answer to four decimal places.)
(c)
What is the probability that at least 10 of these are from the same section? (Round your answer to four decimal places.)
(d)
What are the mean value and standard deviation of the number among these 15 that are from the second section? (Round your mean to the nearest whole number and your standard deviation to three decimal places.)
mean projectsstandard deviation projects
(e)
What are the mean value and standard deviation of…
Use Python or Matlab to produce the solution for the following problems.
Calculate the probability that individual has at least two violations.
Calculate the expected value and variance of number of violations.
Suppose an individual with X violations incurs a surcharge of $30X+$50. Calculate the expected amount of the surcharge, and the variance.
Chapter 5 Solutions
Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
Ch. 5.1 - 1. Consider the experiment of tossing a coin...Ch. 5.1 - 2. Consider the experiment of a worker assembling...Ch. 5.1 - 3. Three students scheduled interviews for summer...Ch. 5.1 - Prob. 4ECh. 5.1 - 5. To perform a certain type of blood analysis,...Ch. 5.1 - 6. Listed is a series of experiments and...Ch. 5.2 - 7. The probability distribution for the random...Ch. 5.2 - 8. The following data were collected by counting...Ch. 5.2 - 9. For unemployed persons in the United States,...Ch. 5.2 - 10. The percent frequency distributions of job...
Ch. 5.2 - 11. A technician services mailing machines at...Ch. 5.2 - 12. Time Warner Cable provides television and...Ch. 5.2 - 13. A psychologist determined that the number of...Ch. 5.2 - Prob. 14ECh. 5.3 - 15. The following table provides a probability...Ch. 5.3 - 16. The following table provides a probability...Ch. 5.3 - 17. During the summer of 2014, Coldstream Country...Ch. 5.3 - 18. The American Housing Survey reported the...Ch. 5.3 - 19. West Virginia has one of the highest divorce...Ch. 5.3 - 20. The probability distribution for damage claims...Ch. 5.3 - 21. The following probability distributions of job...Ch. 5.3 - 22. The demand for a product of Carolina...Ch. 5.3 - 23. In Gallup’s Annual Consumption Habits Poll,...Ch. 5.3 - Prob. 24ECh. 5.4 - 25. Given below is a bivariate distribution for...Ch. 5.4 - 26. A person is interested in constructing a...Ch. 5.4 - 27. The Chamber of Commerce in a Canadian city has...Ch. 5.4 - 28. PortaCom has developed a design for a...Ch. 5.4 - 29. J.P. Morgan Asset Management publishes...Ch. 5.4 - 30. In addition to the information in exercise 29...Ch. 5.5 - 31. Consider a binomial experiment with two trials...Ch. 5.5 - Prob. 32ECh. 5.5 - 33. Consider a binomial experiment with n = 20 and...Ch. 5.5 - 34. For its Music 360 survey, Nielsen Co. asked...Ch. 5.5 - 35. The Center for Medicare and Medical Services...Ch. 5.5 - 36. When a new machine is functioning properly,...Ch. 5.5 - 37. According to a 2013 study by the Pew Research...Ch. 5.5 - 38. Military radar and missile detection systems...Ch. 5.5 - 39. Market-share-analysis company Net Applications...Ch. 5.5 - 42. A Gallup Poll showed that 30% of Americans are...Ch. 5.5 - Tracked Emails. According to a 2017 Wired magazine...Ch. 5.6 - 44. Consider a Poisson distribution with μ =...Ch. 5.6 - 45. Consider a Poisson distribution with a mean of...Ch. 5.6 - 46. Phone calls arrive at the rate of 48 per hour...Ch. 5.6 - 47. During the period of time that a local...Ch. 5.6 - Prob. 48ECh. 5.6 - 49. Airline passengers arrive randomly and...Ch. 5.6 - 50. According to the National Oceanic and...Ch. 5.6 - 51. Over 500 million tweets are sent per day...Ch. 5.7 - 52. Suppose N = 10 and r = 3. Compute the...Ch. 5.7 - Prob. 53ECh. 5.7 - 54. A recent survey showed that a majority of...Ch. 5.7 - 55. Blackjack, or twenty-one as it is frequently...Ch. 5.7 - 56. Axline Computers manufactures personal...Ch. 5.7 - 57. The Zagat Restaurant Survey provides food,...Ch. 5.7 -
Suppose that a shipment of 100 boxes of apples...Ch. 5 - 59. The U.S. Coast Guard (USCG) provides a wide...Ch. 5 - 60. The Car Repair Ratings website provides...Ch. 5 - 61. The budgeting process for a midwestern college...Ch. 5 - 62. A bookstore at the Hartsfield-Jackson Airport...Ch. 5 - 63. The Knowles/Armitage (KA) group at Merrill...Ch. 5 - 64. The Pew Research Center surveyed adults who...Ch. 5 - 65. The following table shows the percentage of...Ch. 5 - Prob. 66SECh. 5 - 67. PBS News Hour reported that 39.4% of Americans...Ch. 5 - Prob. 68SECh. 5 - Arrivals to a Car Wash. Cars arrive at a car wash...Ch. 5 - Prob. 70SECh. 5 - Prob. 71SECh. 5 - Prob. 72SECh. 5 - Great Grasslands Grains, Inc. (GGG) manufactures...Ch. 5 - Harriet McNeil, proprietor of McNeil’s Auto Mall,...Ch. 5 -
Grievance Committee at Tuglar Corporation
Several...Ch. 5 -
Sagittarius Casino
The Sagittarius Casino’s...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Suppose you have to select one project partner from a set of four classmates, who have different GPAs. Assume you do not know any student’s GPA in advance but can get to know it after you have picked a student from that group (a) Suppose you pick one of the four students at random and accept that student as your project partner. What is the probability that your partner is the one with the highest GPA? (b) Suppose you decide to reject the first student and to then accept the next student if and only if that student has a higher GPA. Note that you MUST have a partner, so if the first three are rejected by you, then you have to accept the fourth student. What is the probability that your partner will be the one with the highest GPA.arrow_forwardMartin created a website where users could randomly generate a "strong password." He claims that 22% of generated passwords contain at least one capital letter, number, and symbol. If the claim is correct, and a user randomly generates 5 passwords on the website, what is the probability that exactly 4 of the passwords contain at least one capital letter, number, and symbol?arrow_forwardSuppose X|Y=1 is a Uniform(0,4) density, X|Y=0 is a Uniform(2,6) density, and P(Y=1) = 2/3. Calculate the Bayes error, i.e., the error rate of the Bayes classifier (you may leave your answer as a fraction).arrow_forward
- Medical records show a sample population of 1000 people, of those 1000 people, 98% do not have a terminal illness and 2% do have a terminal illness. A Health Insurance company would like try out a new cheaper test for terminal illness. Their results show that 98% of the people that do have a terminal illness test positive, while 1% of the people who do not have a terminal illness test positive for one. A corporation known as Ken’s Kids is concerned about patients that are slipping through the cracks with this new medical testing. If the new medical testing is adopted, what % of the people will be misdiagnosed as not having a terminal illness, but really have one? Assuming a population of 200 million people, how many people that have a terminal illness, given this new testing will never know that they do? (Please show all work , and have a legend for symbols).arrow_forwardThere are three financial aid counselors. If a student’s last initial is from A – H, let them know that their counselor is Jon Stewart. If a student’s last initial is from I – Q, let them know that their counselor is Chelsea Handler. If a student’s last initial is from R – Z, let them know that their counselor is Brian Williams.Ask student for the FICO score, if it’s less than 660 tell that this student cannot have a loan.arrow_forwardThere are three financial aid counselors. If a student’s last initial is from A – H, let them know that their counselor is Jon Stewart. If a student’s last initial is from I – Q, let them know that their counselor is Chelsea Handler. If a student’s last initial is from R – Z, let them know that their counselor is Brian Williams.Ask student for the FICO score, if it’s less than 660 tell that this student cannot have a loan. c++arrow_forward
- Suppose, you are working in a company ‘X’ where your job is to calculate the profit based on their investment. If the company invests 100,000 USD or less, their profit will be based on 75,000 USD as first 25,000 USD goes to set up the business in the first place. For the first 100,000 USD, the profit margin is low: 4.5%. Therefore, for every 100 dollar they spend, they get a profit of 4.5 dollar. For an investment greater than 100,000 USD, for the first 100,000 USD (actually on 75,000 USD as 25,000 is the setup cost), the profit margin is 4.5% where for the rest, it goes up to 8%. For example, if they invest 250,000 USD, they will get an 8% profit for the 150,000 USD. In addition, from the rest 100,000 USD, 25,000 is the setup cost and there will be a 4.5% profit on the rest 75,000. Investment will always be greater or equal to 25,000 and multiple of 100. Complete the RECURSIVE methods below that take an array of integers (investments) and an iterator (always sets to…arrow_forwardSuppose, you are working in a company ‘X’ where your job is to calculate the profit based on their investment. If the company invests 100,000 USD or less, their profit will be based on 75,000 USD as first 25,000 USD goes to set up the business in the first place. For the first 100,000 USD, the profit margin is low: 4.5%. Therefore, for every 100 dollar they spend, they get a profit of 4.5 dollar. For an investment greater than 100,000 USD, for the first 100,000 USD (actually on 75,000 USD as 25,000 is the setup cost), the profit margin is 4.5% whereas for the rest, it goes up to 8%. For example, if they invest 250,000 USD, they will get an 8% profit for the 150,000 USD. In addition, from the rest 100,000 USD, 25,000 is the setup cost and there will be a 4.5% profit on the rest 75,000. The investment will always be greater or equal to 25,000 and multiple of 100. Complete the RECURSIVE methods below that take an array of integers (investments) and an iterator (always sets to…arrow_forwardNeed the right answer among choices and also an explanation of the answer.arrow_forward
- Probability and Statistics Consider the following experiment. You draw a square, of width 1 foot, on the floor. Inside the square, you inscribe a circle of diameter 1 foot. The circle will just fit inside the square. You then throw a dart at the square in such a way that it is equally likely to fall on any point of the square. What is the probability that the dart falls inside the circle? (Think about area!)How might this process be used to estimate the value of π?arrow_forwardAssume the following: you want to find out whether there is a correlation between the number of Facebook "likes" and "friends" a person has. When describing the statistical method you would use, use your own words.arrow_forwardUse R to solve the following tasks. TASK 1. Estimate the following probabilities by simulation (we don't want to see any analytical approaches!) In your report explain your code and show your answers. a. You have all the black cards from a normal deck, I have all the red cards. We each choose one card from our half decks - the highest card wins. But I have managed to sneak out and throw away your 9 Of Clubs! Simulate 1000 games - how many did I win? (Ace is low.) b. There are 87 people on a bus - what is the likelihood that two of them share a birthday? c. How many people would you need to gather together before there is a 90% chance that one of them was born on the 1st Jan?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Operations Research : Applications and AlgorithmsComputer ScienceISBN:9780534380588Author:Wayne L. WinstonPublisher:Brooks Cole
Operations Research : Applications and Algorithms
Computer Science
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Brooks Cole
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License