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1: According to one of the recent study published in an International report, the cost of medical malpractice in the United States is USD 55.6
1: According to one of the recent study published in an International report, the cost of medical malpractice in the United States is USD 55.6 billion a year, which is approximately 2.4 percent of US annual health-care spending. An earlier research report published in 2011, in the New England Journal of Medicine revealed that, during the period 1991 to 2005, 7.4 percent of all physicians licensed in the US had a malpractice claim. These staggering numbers not only contribute to the high cost of health care, but the size of successful malpractice claims also contributes to high premiums for medical malpractice insurance. The table below contains a sample of data set of claim payments made in a year's time and other information about the claimant. Amount (in USD) 2 5 3.5 160 4 155 45 3 20 Age 45 34 29 46 56 45 44 56 43 Marital Status Single Married Married Single Married Single Married Single Single Insurance type Private Medicare Private Workers compensation Private Private Medicare No insurance Private Gender Male Male Female Male Female Female Male Male Male a. Using descriptive statistics explore claim payment amounts, and identify factors that appear to influence the amount of the payment. b. Do a correlation analysis between 'Amount' and 'Age' and interpreted the coefficient of correlation
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