An advertisement for Citicorp Insurance Services, Inc., claims one person in seven will be hospitalized this year.
Question:
An advertisement for Citicorp Insurance Services, Inc., claims "one person in seven will be hospitalized this year." Suppose you keep track of a random sample of 180 people over an entire year. Assuming Citicorp's advertisement is correct, what is the probability that fewer than 10% of the people in your sample will be found to have been hospitalized (at least once) during the year? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
p 17 P 10 P PZ 1648 05 04503 00497 A low probability The sam...View the full answer
Answered By
Vineet Kumar Yadav
I am a biotech engineer and cleared jee exam 2 times and also i am a math tutor. topper comunity , chegg India, vedantu doubt expert( solving doubt for iit jee student on the online doubt solving app in live chat with student)
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
Question Posted:
Students also viewed these Statistics questions
-
A survey was taken of a random sample of people noting their gender and asking whether they agreed with the "Occupy Wall Street" (OWS) movement (Source: StatCrunch: Responses to Occupy Wall Street...
-
The ages of a random sample of people who attended a recent soccer match are as follows: a. Find the mean age. b. Find the standard deviation. c. Find the coefficient of variation. 23 35 14 37 38 15...
-
Of a random sample of 199 auditors, 104 indicated some measure of agreement with this statement: Cash flow is an important indication of profitability. Test at the 10% significance level against a...
-
Problem 1: The three velocities shown would indicate that the body is not rigid. Given that the body is known to be rigid, one of the three velocities is clearly incorrect. Draw all lines and take...
-
Consumers know that some fraction x of all new cars produced and sold in the market are defective. The defective ones cannot be identified except by those who own them. Cars do not depreciate with...
-
Attached is the T-Accounts and Trial Balance. QUESTION: I need prepare closing journal entries with the information in the picture. AutoSave OFF A E sro - COMPREHNSIVE PROBLEM PART 2 SOLUTION-2 Home...
-
4. You are computing the value of a firm headquartered in an emerging market. Identify the factors unique to an emergingmarket that need to be evaluated when estimating the cost of equity using the...
-
Graham Company is trying to select an inventory system. Below are several statements that pertain to inventory systems. 1. Cost of goods sold is only determined at the end of the period after a...
-
Blossom Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2 0 1 9 and 2 0 2 0 follow. Assets \ table [ [ Current...
-
Flower Corporation has two divisions that it has operated for the last 10 years: Gerbera with a value of $806,000 (basis $400,000) and Daisy with a value of $744,000 (basis 800,000). While Gerbera is...
-
It has been suggested that an investment portfolio selected randomly by throwing darts at the stock market page of The Wall Street Journal may be a sound (and certainly well-diversified) investment....
-
Shimano mountain bikes are displayed in chic clothing boutiques in Milan, Italy, and the average price for the bike in the city is $700. Suppose that the standard deviation of bike prices is $100. If...
-
Explain how task and maintenance functions influence group performance.
-
On March 1 , Kerr Corporation issued 1 0 , 0 0 0 preferred shares for $ 1 0 0 per share. On July 1 5 , it issued an additional 3 0 , 0 0 0 shares for $ 1 2 0 per share. Each share is convertible into...
-
Hello, I need to calculate the break-even point in part B using the following formula: investment amount / (CLV of gold - CLV of platinum) . However, since that results in a negative value, does that...
-
Nervousness and depression are examples of __________ symptoms. psychophysiologic social health environmental psychological Roberta is using the structured format to present the results of his study...
-
Identify the stage of change the client is in and write in behavioral language at least one problem, with at least one goal and a minimum of two objectives for each goal for the client vignettes...
-
Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithium-ion battery packs for a new line...
-
Air flows isentropically through a converging nozzle attached to a large tank, where the absolute pressure is \(171 \mathrm{kPa}\) and the temperature is \(27^{\circ} \mathrm{C}\). At the inlet...
-
Suppose that you could invest in the following projects but have only $30,000 to invest. How would you make your decision and which projects would you invest in? Project Cost $ 8,000 11,000 9,000...
-
In order to conduct insulation treatment, the wire is pulled through the middle of the mold filled with insulation coating. The diameter of the wire is known to be 0.8 mm and the viscosity of the...
-
Another measure of central tendency is the trimmed mean. It is computed by determining the mean of a data set after deleting the smallest and largest observed values. Compute the trimmed mean for the...
-
The midrange is also a measure of central tendency. It is computed by adding the smallest and largest observed values of a data set and dividing the result by 2; that is Compute the midrange for the...
-
As part of a semester project in a statistics course, Carlos surveyed a sample of 50 high school students and asked, "How many days in the past week have you consumed an alcoholic beverage?" The...
-
Yard Professionals Incorporated experienced the following events in Year 1, its first year of operation: Performed services for $31,000 cash. Purchased $7,800 of supplies on account. A physical count...
-
This question is from case # 24 of book Gapenski's Cases in Healthcare Finance, Sixth Edition Select five financial and five operating Key Performance Indicators (KPIs) to be presented at future...
-
assume that we have only two following risk assets (stock 1&2) in the market. stock 1 - E(r) = 20%, std 20% stock 2- E(r) = 10%, std 20% the correlation coefficient between stock 1 and 2 is 0. and...
Study smarter with the SolutionInn App