32% of working mothers do not have enough money to cover their health insurance deductibles. You...

32% of working mothers do not have enough money to cover their health insurance deductibles. You randomly select six working mothers and ask them whether they have enough money to cover their health insurance deductibles. The random variable represents the number of working mothers who do not have enough money to cover their health insurance deductibles. A.) Construct a binomial distribution using n=p and p= 0.32 x P(x) 0 ___ 1 ___ 2 ____ 3 ____ 4 ____ 5 _____ 6 ____

Expert Solution

orchestra answered 2 years ago

Do people who have lower deductibles for their health insurance tend to go to doctors more...

Do people who have lower deductibles for their health insurance tend to go to doctors more than people with higher deductibles?

Mothers with young children often complain that they do not get enough sleep. Suppose that you...

Mothers with young children often complain that they do not get enough sleep. Suppose that you obtained a measure of the typical amount of sleep of 9 mothers of children under 1 year of age and found the following duration (in hours): 6.4, 7.5, 6.9, 7.3, 7.6, 7.1, 6.5, 7.7, and 7.8 Does the mean amount of sleep from these mothers differ significantly from a hypothesized population mean of 7.7 hours sleep per night? Use a two-tailed test and a...

Lee is a rational consumer with complete health insurance (no copayments or deductibles). He will use...

Lee is a rational consumer with complete health insurance (no copayments or deductibles). He will use medical care up to the point at which his: total benefit is equal to the cost of care paid by the insurance provider, OR marginal benefit is zero? Or maybe he will use medical care up to the point his marginal benefit is equal to the marginal cost of care paid by the insurance provider, OR total benefit is equal to zero?

Insurance companies pay for (or cover) health services for employed people who have insurance. What group...

Insurance companies pay for (or cover) health services for employed people who have insurance. What group decides what services will be paid for? A) Federal government B) State government C) Company that issues the insurance policy D) Employer who purchases the insurance

If health insurance is supposed to cover the cost of care how would you explain to...

If health insurance is supposed to cover the cost of care how would you explain to a patient that a drug costing $800 a month be covered by only $200. Do you think that’s ethical and morally right?

If rising health insurance premiums, deductibles, copayments, and other out-of-pocket costs contribute to putting quality health...

If rising health insurance premiums, deductibles, copayments, and other out-of-pocket costs contribute to putting quality health care out of reach for millions of Americans.” If millions of Americans cannot afford their insurance premiums, deductibles, co-payments and out-of-pocket costs for quality health care; who will then pay these costs and how are they transferred to employers and taxpayers, how will this impact the economy??

You have decided to buy a house for $600,000. You have saved enough money to make...

You have decided to buy a house for $600,000. You have saved enough money to make a 20% down payment, but you will need to borrow the remainder. You arrange for a 30-year mortgage (monthly payments) with a local bank at a stated rate of 3.6% APR. a) What will be your monthly payment? b) Construct the amortization table for the first 12 months of payments (showing how much of your payment goes to principal, how much goes to interest,...

How much do you need to invest today in order to have enough money for your child’s college?

Congratulations, you’ve just become a parent! You want to make sure your new baby has the best education possible so you plan to make an investment today to pay for college. Your new baby is amazing, but is no Doogie Howser, so you will be paying for your child’s college in 18 years from now. You expect that college will cost $100,000 at that time. In the meantime, your financial adviser tells you that you can earn 7% on your...

1:The 1929 New York bank insurance fund (“Safety Fund”) (a) would not have enough money to...

1:The 1929 New York bank insurance fund (“Safety Fund”) (a) would not have enough money to pay for all noteholders if things really went bad, then why would it increase the public’s confidence in banks? (b) What did it mean that the Fund represented the idea that “banking was a system... not just an aggregation of free agents?" 2:In the 1820s, two Massachusetts legal cases ruled in favor of defendants who caused economic damage to others while pursuing activities that...

2. What type of health insurance do you have? Is it an HMO, a PPO, an...

2. What type of health insurance do you have? Is it an HMO, a PPO, an ACO, or some hybrid form of MCO? Are you familiar with your deductible? What other details about your health insurance are important to you?

Question