Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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Chapter 6, Problem 17P
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments. Wellpoint claims that users of its LiveHealth Online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by Wellpoint.
Assuming that the population is roughly symmetric, construct a 95% confidence interval for the
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Chapter 6 Solutions
Essentials of Business Analytics (MindTap Course List)
Ch. 6 - The American League consists of 15 baseball teams....Ch. 6 - The U.S. Golf Association is considering a ban on...Ch. 6 - A simple random sample of 5 months of sales data...Ch. 6 - Morningstar publishes ratings data on 1,208...Ch. 6 - One of the questions in the Pew Internet &...Ch. 6 - In this chapter we showed how a simple random...Ch. 6 - The College Board reported the following mean...Ch. 6 - Prob. 8PCh. 6 - The Economic Policy Institute periodically issues...Ch. 6 - The state of California has a mean annual rainfall...
Ch. 6 - The president of Doerman Distributors, Inc.,...Ch. 6 - Prob. 12PCh. 6 - People end up tossing 12% of what they buy at the...Ch. 6 - Prob. 14PCh. 6 - The International Air Transport Association...Ch. 6 - Prob. 16PCh. 6 - Health insurers are beginning to offer...Ch. 6 - The average annual premium for automobile...Ch. 6 - Prob. 19PCh. 6 - According to Thomson Financial, last year the...Ch. 6 - The Pew Research Center Internet Project conducted...Ch. 6 - For many years businesses have struggled with the...Ch. 6 - The manager of the Danvers-Hilton Resort Hotel...Ch. 6 - The manager of an automobile dealership is...Ch. 6 - A production line operation is designed to fill...Ch. 6 - Because of high production-changeover time and...Ch. 6 - Duke Energy reported that the cost of electricity...Ch. 6 - Prob. 28PCh. 6 - Carpetland salespersons average 8,000 per week in...Ch. 6 - Suppose a new production method will be...Ch. 6 - Prob. 31PCh. 6 - A shareholders’ group, in lodging a protest,...Ch. 6 - Prob. 33PCh. 6 - Prob. 34PCh. 6 - Prob. 35PCh. 6 - According to the National Automobile Dealers...Ch. 6 - What percentage of the population live in their...Ch. 6 - Prob. 38PCh. 6 - Ten years ago 53% of American families owned...Ch. 6 - Prob. 40PCh. 6 - Prob. 41PCh. 6 - Prob. 42PCh. 6 - The Port Authority sells a wide variety of cables...Ch. 6 - The Port Authority also wants to determine if the...Ch. 6 - Prob. 1C
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- According to the World Health Organization, obesity has reached epidemic proportions globally. While obesity has generally been linked with chronic disease and disability, researchers argue that it may also affect wages. In other words, the body mass index (BMI) of an employee is a predictor for salary. (A person is considered overweight if his/her BMI is at least 25 and obese if BMI exceeds 30.) The accompanying data file includes salary (in $1,000s) for 30 college-educated men with their respective BMI and a dummy variable that represents 1 for a white man and 0 otherwise. Salary BMI White 34 33 1 43 26 1 44 26 1 34 35 0 34 36 1 53 20 1 42 20 0 37 26 1 35 28 1 46 22 1 46 20 1 34 35 0 45 26 1 33 34 0 25 29 0 32 30 1 46 18 0 31 31 0 54 19 1 37 23 0 42 27 1 38 30 1 45 18 0 38 26 0 41 28 1 39 28 1 50 20 1 41 26 1 38 28 1 45 21 1 1. Estimate a model for Salary with BMI and White as the predictor variables. Note: Negative…arrow_forwardHealth insurers are beginning to offer telemedicine services online that replace the com mon office visit. Wellpoint provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments (Bloomberg Businessweek March 4-9, 2014). Wellpoint claims that users of its LiveHealth Online service saved a significant amount of money on a typical visit. The data shown below (S), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by Wellpoint 21. 92 34 40 105 83 55 49 56 40 76 48 96 93 74 73 78 93 100 53 82 Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings for a televisit to the doctor as opposed to an office visit.arrow_forwardThe increasing popularity of online shopping has many consumers using Internet access at work to browse and shop online. In fact, the Monday after Thanksgiving has been nicknamed “Cyber Monday” because of the large increase in online purchases that occurs on that day. Data from a large-scale survey by a market research firm (Detroit Free Press, November 26, 2005) was used to compute estimates of the percent of men and women who shop online while at work. The resulting estimates probably won’t make most employers happy—42% of the men and 32% of the women in the sample were shopping online at work! Are the estimates given computed using data from a sample or for the entire population?arrow_forward
- Telemedicine. Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments (Bloomberg Businessweek). Wellpoint claims that users of its LiveHealth Online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by Wellpoint. Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings for a televisit to the doctor as opposed to an office visit. Savings perVisit ($)921055676937853348349487493824055409673100arrow_forwardDoes the example represent an observational study or an experiment? Car accident data is obtained from the Ohio database. It is found that more accidents happened at night.arrow_forwardSee attatchmentarrow_forward
- A researcher has found a strong relationship between level of education and income and concludes that “higher levels of education cause higher income.” What error has been made?arrow_forwardPlease no written by hand solution and no img Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments. Wellpoint claims that users of its LiveHealth Online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by Wellpoint. 91 34 40 106 83 55 56 48 41 74 47 97 93 72 71 76 93 98 55 82 Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings for a televisit to the doctor as opposed to an office visit (to 2 decimals). 95% confidence interval: $ to $ per visit Check My Workarrow_forwardHealth insurers are beginning to offer telemedicine services online that replace the common office visit. A company provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments. The company claims that users of its online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by the company. 95 37 43 108 86 58 59 52 43 79 51 99 96 77 76 81 96 103 56 85 Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings in dollars for a televisit to the doctor as opposed to an office visit. (Round your answers to the nearest cent.) $ to $arrow_forward
- Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments. Wellpoint claims that users of its LiveHealth Online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by Wellpoint. 93 34 39 104 84 56 56 50 40 76 49 97 93 74 73 78 90 101 51 83 Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings for a televisit to the doctor as opposed to an office visit (to 2 decimals). 95% confidence interval: $___ to $___ per visitarrow_forwardHealth insurers are beginning to offer telemedicine services online that replace the common office visit. A company provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments. The company claims that users of its online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by the company. 98 89 46 99 99 40 Need Help? 61 62 55 82 46 111 54 102 80 79 84 106 59 88 Read It question. Assuming the population is roughly symmetric; construct a 95% confidence interval for the mean savings in dollars for a televisit to the doctor as opposed to an office visit. (Round your answers to the nearest cent.) $66.80 X to $80.80 Xarrow_forwardAn education researcher wanted to examine whether there was a difference in academic performance between students who did face-to-face lessons and those who did online lessons.To achieve this, he recorded the overall scores (upon 100%) of a class of 45 SUSS students who studied Statistics through face-to-face mode during the 2019 July semester. Similarly, he took the overall scores of another class of 50 students who studied Statistics through the online mode during the 2020 July semester. The table below shows the Excel Report using Descriptive Analysis from the data collected. 2019 Jul 2020 Jul Mean 54.48889 Mean 54.96 Standard Error 3.149735 Standard Error 2.830585 Median 50 Median 58 Mode 80 Mode 65 Standard Deviation 21.12906 Standard Deviation 20.01526 Sample Variance 446.4374 Sample Variance 400.6106 Kurtosis -0.98525 Kurtosis -0.5777 Skewness -0.03522 Skewness -0.48904 Range 75…arrow_forward
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