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5.37 Medical billing errors and fraud are on the rise. According to Medical Billing Advocates of America, three out of four times, the medical bills
5.37 Medical billing errors and fraud are on the rise. According to Medical Billing Advocates of America, three out of four times, the medical bills that they review contain errors.
Source: Kelly Gooch, "Medical billing errors growing, says Medical Billing Advocates of America," Becker's Hospital Review, bit.ly/2qkA8mR.
If a sample of 10 medical bills is selected, what is the probability that
- 0 medical bills will contain errors?
- Exactly 5 medical bills will contain errors?
- More than 5 medical bills will contain errors?
- What are the mean and standard deviation of the probability distribution?
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