Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

An insurance company pays hospital claims. The number of claims that include emergency room or operating room charges is 85% of the total number of

An insurance company pays hospital claims. The number of claims that include emergency room or operating room charges is 85% of the total number of claims. The number of claims that do not include emergency room charges is 25% of the total number of claims. The occurrence of emergency room charges is independent of the occurrence of operating room charges on hospital claims. The probability that a claim submitted to the insurance company includes operating room charges is closest to:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Marshall B Romney, Paul J. Steinbart, Scott L. Summers, David A. Wood

16th Edition

B0CQ588MB9, 9780138099497

Students also viewed these Mathematics questions

Question

What are the responsibilities of the position?

Answered: 1 week ago

Question

Define Administration?

Answered: 1 week ago

Question

Define Decision making

Answered: 1 week ago

Question

What are the major social responsibilities of business managers ?

Answered: 1 week ago