Question
Posted already, but did not know how to attach file. Here I have taken a screenshot of the information. Hopefully this is adequate! Health insurers
Posted already, but did not know how to attach file. Here I have taken a screenshot of the information. Hopefully this is adequate!
Health insurers are beginning to offer telemedicine services online that replace the common office visit. Wellpoint Provides a video service that allows subscribers to connect with a physician online and received treatments. Wellpoint claims that users of its LiveHealth Online service saved a significant amount of money on a typical visit. The data file HTeleHealth contains the data for a sample of 20 online doctor visits. The data are consistent with the savings per visit reported by Wellpoint. Assume the population is roughly symmetric with a normal distribution.
- UseDescriptive Statisticsin Excel'sData Analysisto get the descriptive statistics printout.
- With 95% confidence, what is the margin of error?
- What is the 95% confidence interval estimate of the population mean savings?
- What is the 90% confidence interval estimate of the population mean savings?
- What is the 88% confidence interval estimate of the population mean savings?Hint: Use Excel function=t.inv.2tto get thetvalue.
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