Question

In: Math

As a part of a new healthcare reform, hospitals must report incidence of specific demographic and...

As a part of a new healthcare reform, hospitals must report incidence of specific demographic and health care outcomes to maintain funding. Within this report, it was found that 23.3% the Medicare population in Westmoreland county is Diabetic. As part of a random survey to determine if current preventative measures are helping to target this, a random sample of 50 individuals within the Medicare population we sampled.

Let X be the number of individuals who are Diabetic.

  1. Can X be considered a binomially distributed random variable? Why?
  1. Identify n and p for this problem.
  1. Can variables X be well-approximated by normal random variables?
  1. What is the expected number of diabetic individuals for this problem?
  1. What is the variance for the number of diabetic individuals for this problem?
  1. How many combinations are possible that consists of exactly 20 people that are diabetic?
  1. What is the probability of observing 20 diabetic individuals?

Solutions

Expert Solution


Related Solutions

1.President Obama's reform of the healthcare system included incentives for physicians, hospitals, and medical providers to...
1.President Obama's reform of the healthcare system included incentives for physicians, hospitals, and medical providers to use ______________________ to improve the efficiency and quality of medical care for all American citizens. 2. What agency has referred to twin epidemics of diabetes and obesity because obesity greatly increases the risk of diabetes and the number of Americans who are obese has been increasing rapidly?
how can any or all of the new healthcare reform bill and its regulations and changes...
how can any or all of the new healthcare reform bill and its regulations and changes will/may impact you and your family.
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =NPV(…),...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =NPV(…), =IRR(…), =AVERAGE(…), =YIELD(…) whenever applicable). Please show excel formulas. Given the following information for Bajor Co.: Debt: Bajor’s long-term debt capital consists of bonds with 6.250 percent coupon rate (semiannual coupon payments), 9 years time to maturity, and current price of 106.61 percent of its par value (i.e., price = 106.61 relative to full amount redemption par of 100). Preferred stock: Bajor has not...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =PV(…),...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =PV(…), =FV(…), =PMT(…), =NPER(…), =RATE(…), =PRICE(…) or =YIELD(…) whenever applicable. Please show me the EXCEL functions that was used to help me better understand was equals what. Using Excel finance formulas You apply for a 20-year, fixed-rate (APR 6.48%) monthly-payment-required mortgage loan for a house selling for $150,000 today. Your bank requires 22% initial down payment of house value (to be paid in cash immediately),...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =NPV(…),...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =NPV(…), =IRR(…), =AVERAGE(…), =YIELD(…) Case Two (22 pts) Given the following information for Bajor Co.: Debt: Bajor’s long-term debt capital consists of bonds with 6.250 percent coupon rate (semiannual coupon payments), 9 years time-to-maturity, and current price of 106.61 percent of its par value (i.e., price = 106.61 relative to full amount redemption par of 100). Preferred stock: Bajor has not issued any preferred stocks....
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =NPV(…),...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =NPV(…), =IRR(…), =AVERAGE(…), =YIELD(…) whenever applicable..) Ferengi, Inc. is subject to an applicable corporate tax rate of 21 percent, and the weighted average cost of capital (WACC) of 12.5 percent. There is no specific time constraint on investment project payback requirements. Q1: Ferengi is currently contemplating two capital investment plans. Plan A: the upgrade of an information system with an installed cost of $2,400,000. The...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =PV(…),...
(For this part, you MUST present sufficient solution steps, and MUST apply specific Excel functions =PV(…), =FV(…), =PMT(…), =NPER(…), =RATE(…), =PRICE(…) or =YIELD(…) whenever applicable. Please show me the EXCEL functions that was used to help me better understand was equals what. Using Excel finance formulas Case 3: We find the data for a municipal bond issued by the Illinois state government. The bond’s “last trade date” (i.e., settlement date) is June 05, 2019. The bond’s “maturity date” is March...
Why must accounting report be prepared according to specific procedures (GAAP)? Should we allow businesses some...
Why must accounting report be prepared according to specific procedures (GAAP)? Should we allow businesses some flexibility or creativity in preparing financial statements.
The new SOX framework for the US Accounting Profession states that auditors must report directly to...
The new SOX framework for the US Accounting Profession states that auditors must report directly to the audit committee on several critical matters. Name at least four of these matters and explain in detail.
(in relation to the IAS and AASB) what part of new drug development needs specific accounting...
(in relation to the IAS and AASB) what part of new drug development needs specific accounting guidance? where is clarity needed in the accounting standards to address this issue?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT