Question
In: Finance
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint...
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 | 33 | 40 |
| 104 | 84 | 55 |
| 56 | 48 | 37 |
| 76 | 49 | 94 |
| 94 | 74 | 74 |
| 79 | 93 | 99 |
| 54 | 81 |
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
Solutions
jeff jeffy answered 4 months agoRelated Solutions
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint...
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 ($), for a sample of 20 online
doctor visits, are consistent with the savings per visit reported
by Wellpoint.
91
35
39
107
84...
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint...
Health insurers are beginning to offer telemedicine
services online that replace the common office visit. Wellpoint
provides a video service that allows subscribers to connect with a
physician online and receive prescribed treatments. Wellpoint
claims that users of its LiveHealth Online service saved a
significant amount of money on a typical visit. The data shown
below ($), for a sample of 20 online doctor visits, are consistent
with the savings per visit reported by Wellpoint.
91
33
41
106
84...
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint...
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 ($), for a sample
of 20 online doctor visits, are consistent with the savings per
visit reported by Wellpoint.
93 35 40 107 84...
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint...
Health insurers are beginning to offer telemedicine services
online that replace the common office visit. Wellpoint provides a
video service that allows subscribers to connect with a physician
online and receive prescribed treatments. Wellpoint claims that
users of its LiveHealth Online service saved a significant amount
of money on a typical visit. The data shown below ($), for a sample
of 20 online doctor visits, are consistent with the savings per
visit reported by Wellpoint. 93 34 39 105 82...
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint...
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 ($), for a sample
of 20 online doctor visits, are consistent with the savings per
visit reported by Wellpoint.
91
34
40
104
84...
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint...
Health insurers are beginning to offer telemedicine services
online that replace the common office visit. Wellpoint provides a
video service that allows subscribers to connect with a physician
online and receive prescribed treatments. Wellpoint claims that
users of its LiveHealth Online service saved a significant amount
of money on a typical visit. The data shown below ($), for a sample
of 20 online doctor visits, are consistent with the savings per
visit reported by Wellpoint.
93 34 41 106 83...
Health insurers are beginning to offer telemedicine services online that replace the common office visit.
Health 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 ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by the company.
89
31
37...
Health insurers are beginning to offer telemedicine services online that replace the common office visit. A...
Health insurers are beginning to offer telemedicine services
online that replace the common office visit. A company provides a
video service that allows subscribers to connect with a physician
online and receive prescribed treatments. The company claims that
users of its online service saved a significant amount of money on
a typical visit. The data shown below ($), for a sample of 20
online doctor visits, are consistent with the savings per visit
reported by the company.
100
42
48...
Health insurers are beginning to offer telemedicine services online that replace the common office visit. A...
Health 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 ($), for a sample of 20
online doctor visits, are consistent with the savings per visit
reported by the company.
90
32
38...
Wellpoint is a health insurer that provides online video doctor visits as a way to save...
Wellpoint is a health insurer that provides online video doctor
visits as a way to save patients money. Below are the amounts saved
($) by a sample of patients in 2014. Use it to answer/do
thefollowing. 92 105 56 76 93 78 53 34 83 49 90 45
(a) Estimate the average savings.
(b) Develop a 90% con dence interval for the mean in (a).
(c) Develop a 95% con dence interval for the mean in (a)
.(d) Develop a...
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