Question
Injury year | Estimated # | Estimated $/p 1994 | 1,021 | $415,326.26 1995 |1,087 | $448,871.57 1996 |1,184 | $477,333.66 1997 |1,291 | $490,215.19
Injury year | Estimated # | Estimated $/p
1994 | 1,021 | $415,326.26
1995 |1,087 | $448,871.57
1996 |1,184 | $477,333.66
1997 |1,291 | $490,215.19
1998 |1,191 | $516,696.63
1999 |1,098 | $587,233.93
2000 | 1,055 | $536,983.82
2001 |1,110 | $403,504.39
a.Calculate the mean or average dollar value per claim per year for medical malpractice insurance in Texas over the four-year period 1994 - 1997 (in 2009 dollars).
b.Calculate the mean or average dollar value per year for medical malpractice insurance in Texas over the four-year period 1998 - 2001 (in 2009 dollars).
I need help on how to solve these problems. May be done in excel.
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