Question

An insurance company is interested in the length of hospital-stays for various illnesses. The company has...

An insurance company is interested in the length of hospital-stays for various illnesses. The company has randomly selected 20 patients from hospital A and 25 from hospital B who were treated for the same ailment. The amount of time spent in hospital A had an average of 2.4 days with a standard deviation of 0.6 day. The treatment time in hospital B averaged 2.3 days with a standard deviation of 0.9 day. Do patients at hospital A have significantly less variability in their recovery time? Test at 0.05 significance level.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Question 21 Suppose a health insurance company is interested in carrying out an investigation as to...
Question 21 Suppose a health insurance company is interested in carrying out an investigation as to the annual expenditures per household on their healthcare costs. In order to most accurately report their figures, the company decides to ensure “virtual certainty” about their estimates by using a Z value of 3.0 for their calculations. The company conducts a SRS of 843 households and determines the sample average household expenditures on healthcare is $43,257.00. A) Assume the company uses a σ=$879.00. Calculate...
The questions to answer regarding the case material are as follows: Company overview . How the...
The questions to answer regarding the case material are as follows: Company overview . How the company uses its own products or services to enhance the total compensation for its employees. The internal strengths and weaknesses you identified and how the company responded to these factors from a total rewards perspective. The external opportunities and threats you identified and how the company responded to these factors from a total rewards perspective. Examples of traditional and non-traditional rewards and how they...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT