Current activity in the hospital industry shows that hospitals are consolidating to form multihospital systems. Based upon your reading in the text, what do empirical studies indicate concerning cost savings of multihospital systems over single hospital systems? Why are multihospital systems expected to be cost saving? Why would we continue to see multihospital systems forming even if cost savings is not as evident as expected?
In: Economics
The shelf life of a battery produced by one major company is known to be normally distributed, with a mean life of 3.2 years and a standard deviation of 0.5 years. Using the expanded empirical rule, what is the probability in decimal form that a randomly chosen battery will
(a) last fewer than 3.535 years?
Answer:
(b) last between 2.7 and 3.7 years?
Answer:
(c) last more than 1.7 years?
Answer:
In: Statistics and Probability
X f(X)
|
0 |
0.10 |
|
1 |
0.15 |
|
2 |
0.30 |
|
3 |
0.20 |
|
4 |
0.15 |
|
5 |
0.10 |
In: Statistics and Probability
Let X1, X2, ..., X25 be a sample from Exp(10) distribution.
1- What is the expected value of its sample variance?
2- Write an R code that generates hundred thousand repetitions of the sample variance and create a
histogram of the resulting vector via standard hist function.
3- Use the density function to get a sample variance empirical pdf and add it to the plot obtained in part (2).
In: Statistics and Probability
Scores of an IQ test have a bell-shaped distribution with a mean of 100 and a standard deviation of 13.
Use the empirical rule to determine the following.
(a) What percentage of people has an IQ score between 87 and 113?
(b) What percentage of people has an IQ score less than 87 or greater than 113?
(c) What percentage of people has an IQ score greater than 139?
In: Statistics and Probability
Scores of an IQ test have a bell-shaped distribution with a mean of 100 and a standard deviation of 18. Use the empirical rule to determine the following. (a) What percentage of people has an IQ score between 64 and 136? (b) What percentage of people has an IQ score less than 64 or greater than 136? (c) What percentage of people has an IQ score greater than 154?
In: Statistics and Probability
Scores of an IQ test have a bell-shaped distribution with a mean of 100 and a standard deviation of 13. Use the empirical rule to determine the following.
(a) What percentage of people has an IQ score between 61 and 139?
(b) What percentage of people has an IQ score less than 74 or greater than 126?
(c) What percentage of people has an IQ score greater than 113?
In: Statistics and Probability
Scores of an IQ test have a bell-shaped distribution with a mean of 100 and a standard deviation of 18. Use the empirical rule to determine the following.
(a) What percentage of people has an IQ score between 82 and 118?
(b) What percentage of people has an IQ score less than 64 or greater than 136?
(c) What percentage of people has an IQ score greater than 118?
In: Statistics and Probability
A company has a policy of retiring company cars; this policy
looks at number of miles driven, purpose of trips, style of car and
other features. The distribution of the number of months in service
for the fleet of cars is bell-shaped and has a mean of 64 months
and a standard deviation of 9 months. Using the empirical rule (as
presented in the book), what is the approximate percentage of cars
that remain in service between 82 and 91 months?
ans = %
In: Statistics and Probability
Scores of an IQ test have a bell-shaped distribution with a mean of 100 and a standard deviation of 10. Use the empirical rule to determine the following
a) What percentage of people has an IQ score between 70 and 130?
(b) What percentage of people has an IQ score less than 90 or greater than 110?
(c) What percentage of people has an IQ score greater than 120?
In: Statistics and Probability