Question
Injury Year Estimated # claims Estimated $ per claim 1994 1021 $415,326.26 1995 1087 $448,871.57 1996 1184 $477,333.66 1997 1291 $490,215.19 1998 1191 516,696.63 1999
Injury Year | Estimated # claims | Estimated $ per claim |
1994 | 1021 | $415,326.26 |
1995 | 1087 | $448,871.57 |
1996 | 1184 | $477,333.66 |
1997 | 1291 | $490,215.19 |
1998 | 1191 | 516,696.63 |
1999 | 1098 | 587,233.93 |
2000 | 1055 | 536,983.82 |
2001 | 1110 | 403,504.39 |
a. Calculate the mean or average number of claims per year for medical malpractice insurance in Texas over the four-year period 1994-1997
b. Calculate the mean or average number of claims per year for medical malpractice insurance in Texas over the four-year period 1998-2001.
c. Calculate the mean or average dollar value per claim per year for medical malpractice insurance in Texas over the four-year period 1994-19987 (in 2009 dollars).
d. Calculate the mean or average dollar value per claim per year for medical malpractice insurance in Texas over the four-year period 1998-2001 (in 2009 dollars).
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