Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please provide all of the work with all steps so I can understand how the problem is worked. a hospital administration have recently received an

Please provide all of the work with all steps so I can understand how the problem is worked.

a hospital administration have recently received an internal audit report indicating that 15% of all patient bills contain an error of one form or another. after spending considerable effort to improve the hospital's billing process, the administrators are convinced that things have improved. They believe that the new error rate is somewhere closer to 0.05.

A. Suppose that recently the hospital randomly sampled 10 patient bills and conducted a thorough study to determine whether an error exists. it found 3 bills with errors. Assuming that managers are correct that they have improved the error rate to 0.05, what is the probability that they would find 3 or more errors in a sample of 10 bills?

B. referring to part A, what conclusion would you reach based upon the probability of finding 3 or more errors in the sample of 10 bills?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Linear Algebra A Modern Introduction

Authors: David Poole

4th edition

1285463242, 978-1285982830, 1285982835, 978-1285463247

More Books

Students also viewed these Mathematics questions