Jennifer Nguyen, a Humber College Healthcare Management program graduate who always had only perfect marks in statistics, was hired by the famous Healthy Lifemedical insurance company. Jennifer is assigned to conduct statistical analysis of medical and financial data. As Jennifer is on probation, please help her to complete the following six tasks. In problems 2-6, state hypotheses H0and H1and provide detailed conclusions (based on P-values or critical values/test statistics) together with the Exceloutput. For your convenience the data are given in the Major Assignment Data file. You can also find useful information on the Blackboard in Excel Instructions folder. Jennifer’s manager Dr. Jonathan Steinberg, who has degrees and publications in both mathematical statistics and medical science, asked her to find estimates of the average dental claim reimbursement for 2019. As Healthy Lifehas many thousands of clients it is virtually impossible to calculate the population mean. Using the Excel Random Number Generator function, Jennifer found a random sample of 52 dental claims submitted to Healthy Life. The amounts covered by insurance you can see in the Major Assignment Data file. Please help Jennifer Nguyen to construct90%,95%, and 99%confidence intervals for the true average reimbursement. Make sure that t-distribution is applicable: build a histogram with the bin values, for example, $100, $200, $300, $400, and $500, and check whether it is approximately symmetric and bell-shaped. Then, use Descriptive Statistics function from Data Analysis. Constructing confidence intervals, please round values to two decimal places.
| Problem 1. | ||||
| Dental Claim Number | Amount Covered | Bin | ||
| 1 | $192.75 | 100 | ||
| 2 | $192.75 | 200 | ||
| 3 | $350.25 | 300 | ||
| 4 | $200.00 | 400 | ||
| 5 | $225.00 | 500 | ||
| 6 | $95.00 | |||
| 7 | $375.50 | |||
| 8 | $380.00 | |||
| 9 | $192.75 | |||
| 10 | $400.00 | |||
| 11 | $230.00 | |||
| 12 | $245.00 | |||
| 13 | $150.00 | |||
| 14 | $250.00 | |||
| 15 | $250.00 | |||
| 16 | $340.00 | |||
| 17 | $225.50 | |||
| 18 | $156.25 | |||
| 19 | $300.00 | |||
| 20 | $350.00 | |||
| 21 | $435.00 | |||
| 22 | $192.75 | |||
| 23 | $192.75 | |||
| 24 | $250.00 | |||
| 25 | $225.00 | |||
| 26 | $230.00 | |||
| 27 | $245.00 | |||
| 28 | $250.00 | |||
| 29 | $250.00 | |||
| 30 | $250.00 | |||
| 31 | $350.00 | |||
| 32 | $98.00 | |||
| 33 | $405.00 | |||
| 34 | $295.00 | |||
| 35 | $205.00 | |||
| 36 | $230.00 | |||
| 37 | $245.00 | |||
| 38 | $750.00 | |||
| 39 | $250.00 | |||
| 40 | $250.00 | |||
| 41 | $340.00 | |||
| 42 | $225.50 | |||
| 43 | $192.75 | |||
| 44 | $192.75 | |||
| 45 | $250.00 | |||
| 46 | $225.00 | |||
| 47 | $350.00 | |||
| 48 | $250.00 | |||
| 49 | $250.00 | |||
| 50 | $340.00 | |||
| 51 | $195.00 | |||
| 52 | $385.00 | |||
In: Statistics and Probability
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What is the Range? Blank 1
What is the Class Width? Blank 2
Fill in the table after creating it on paper. rf and crf are rounded to two decimal places. To input the Class Limits and Class Boundaries, you will need to put the lower class limit/boundary in the first blank and the upper class limit/boundary in the blank below where you input the lower. It is the way the Blackboard tool works.
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In: Statistics and Probability
Assignment Purpose
Write a well commented java program that demonstrates the use and re-use of methods with input validation.
Instructions
“I dn'ot gvie a dman for a man taht can olny sepll a wrod one way.” (Mrak Taiwn)
“We aer all moratls, Hamrbee is an immoratl, and tehre is no question abuot it.” (Kevin Unknown)
Hint: First generate two random integers in range of the length of the string. Then use substring method to access characters at those locations. Rest is left to your imagination.
Submission
A .java and a .html (generated with Javadoc) file
In: Computer Science
Assignment Purpose
The purpose of this lab is to write a well commented java program that demonstrates the use and re-use of methods with input validation.
Instructions
“I dn'ot gvie a dman for a man taht can olny sepll a wrod one way.” (Mrak Taiwn)
“We aer all moratls, Hamrbee is an immoratl, and tehre is no question abuot it.” (Kevin Unknown)
Hint: First generate two random integers in range of the length of the string. Then use substring method to access characters at those locations. Rest is left to your imagination.
In: Computer Science
A study on the latest fad diet claimed that the amounts of weight lost by all people on this diet had a mean of 23.5 pounds and a standard deviation of 6.9 pounds.
1a) If a sampling distribution is created using samples of the amounts of weight lost by 62 people on this diet, what would be the mean of the sampling distribution of sample means? Round to two decimal places, if necessary.
1b) If a sampling distribution is created using samples of the amounts of weight lost by 62 people on this diet, what would be the standard deviation of the sampling distribution of sample means? Round to two decimal places, if necessary.
2) Suppose the horses in a large stable have a mean weight of 1128lbs, and a standard deviation of 58lbs. What is the probability that the mean weight of the sample of horses would be greater than 1136lbs if 37 horses are sampled at random from the stable? Round your answer to four decimal places.
3) Suppose a batch of metal shafts produced in a manufacturing company have a standard deviation of 1.9 and a mean diameter of 200 inches. If 78 shafts are sampled at random from the batch, what is the probability that the mean diameter of the sample shafts would be less than 199.8 inches? Round your answer to four decimal places.
4) Suppose cattle in a large herd have a mean weight of 1228lbs and a variance of 8100. What is the probability that the mean weight of the sample of cows would differ from the population mean by less than 9lbs if 115 cows are sampled at random from the herd? Round your answer to four decimal places.
In: Statistics and Probability
An experiment is given together with an event. Find the (modeled) probability of each event, assuming that the coins are distinguishable and fair, and that what is observed are the faces uppermost.
Three coins are tossed; the result is at most one tail.
An experiment is given together with an event. Find the (modeled) probability of each event, assuming that the dice are distinguishable and fair, and that what is observed are the numbers uppermost.
Two dice are rolled; the numbers add to 3.
An experiment is given together with an event. Find the (modeled) probability of each event, assuming that the dice are distinguishable and fair, and that what is observed are the numbers uppermost.
Two dice are rolled; the numbers add to 11.
An experiment is given together with an event. Find the (modeled) probability of each event, assuming that the dice are distinguishable and fair, and that what is observed are the numbers uppermost.
Two dice are rolled; the numbers add to 13.
An experiment is given together with an event. Find the (modeled) probability of each event, assuming that the dice are distinguishable and fair, and that what is observed are the numbers uppermost.
Two dice are rolled; both numbers are prime. (A positive integer is prime if it is neither 1 nor a product of smaller integers.)
Use the given information to find the indicated probability.
P(A ∪ B) = .8, P(B) = .7, P(A ∩ B) = .4.
Find P(A).
Use the given information to find the indicated probability.
P(A) = .78.
Find P(A').
P(A') =
In: Advanced Math
| 1. Across: A financial statement which presents assets or resources owned and the debt or liabilities owed as of a specific date. (Two Words) | |
|---|---|
| 2. Across: Liabilities or debts which are scheduled to be paid within one year. (Two Words) | |
| 3. Across: The Situation of having a wealth position of net worth less than or equal to zero, and the inability to pay obligations as they come due. | |
| 4. Across: A plan detailing both cash inflows and cash outflows. | |
| 5. Across: A ratio providing an indication of the ability or the inability to pay obligations as they come due. | |
| 1. Down: A financial statement summarizing all the inflows and outflows of cas over a specified period of time. | |
| 2. Down: Mathematical relationships of variables created in order to explain something of importance. | |
| 3. Down: The resources and items of value owned by an individual. | |
| 4. Down: The amount of an individual's paycheck which remains after the payment of income taxes. (Three Words) | |
| 5. Down: Total wealth based on the difference between total assets owned and total debt. (Two Words) | |
| 6. Down: The type of assets or liabilities which are not short-term in nature. (Two Words) | |
| 7. Down: Obligations to creditors. | |
| 8. Down: A ratio which indicates the percentage of assets financed with debt funding. | |
| 9. Down: The most liquid of assets. |
In: Accounting
QUESTION 7
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autistic children |
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the special needs class at Michael's church |
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supportive relationships |
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social development |
QUESTION 8
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a low level of practical significance. |
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a high level of practical significance. |
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a low level of statistical significance. |
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a high level of statistical significance. |
QUESTION 9
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the t test statistic |
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the p-value |
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Levene's test |
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Cohen's d |
QUESTION 10
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It increases the Type I error rate. |
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It increases the Type II error rate. |
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It decreases the p-value. |
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It inflates the degrees of freedom. |
QUESTION 11
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There is at least one statistically significance difference between the groups. |
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There is no statistically significant difference between any of the groups. |
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The results are practically significant. |
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The results are not practically significant. |
QUESTION 12
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There is a difference between the two variables. |
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There is no difference between the two variables. |
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A relationship exists between the two variables. |
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No relationship exists between the two variables. |
In: Statistics and Probability
6.When comparing the future value of two investments: one that earns 6% p.a. simple interest and the other that earns 6% p.a interest compounding annually, the difference can best be described as:
Select one:
A. the time value of money
B. a pricing convention in money markets
C. compound interest
D. interest on interest
7.A loan for $5,000 is to be repaid by payments of $2,000 after 1 year and $X after 2 years. Interest is at 9%p.a compounding monthly. If we use the monthly periodic interest rate, the time intervals for the timeline should be in:
Select one:
a. Months
b. Years
c. Half-years
d. Quarters
8.Intermediaries, by managing deposits they receive, are able to make loans of a long-term nature whilst satisfying saver's preferences for short-term, liquid claims. This statement is referring to which important attribute of financial intermediation?
Select one:
A. Maturity transformation
B. Credit risk transformation
C. Asset transformation
D. Investment transformation
In: Finance
The effectiveness of antidepressants in treating the eating disorder bulimia was examined in the article “Bulimia Treated with Imipramine: A Placebo-Controlled Double-Blind Study” (American Journal of Psychology [1983]: 554–558). A group of patients diagnosed with bulimia were randomly assigned to one of two treatment groups, one receiving imipramine and the other a placebo. One of the variables recorded was binge frequency. The authors chose to analyze the data using a rank-sum test because it makes no assumption of normality. They stated that “because of the wide range of some measures, such as frequency of binges, the rank sum is more appropriate and somewhat more conservative.” Data on number of binges during one week that are consistent with the findings of the article are given in the following table:
Placebo 8 3 15 3 4 10 6 4
Imipramine 2 1 2 7 3 12 1 5
Do these data strongly suggest that imipramine is effective in reducing the mean number of binges per week? Use a level .05 rank-sum test.
In: Math