=+e. Some insurance companies will pay the medical expenses associated with childbirth only if the insurance has
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=+e. Some insurance companies will pay the medical expenses associated with childbirth only if the insurance has been in effect for more than 9 months (275 days). This restriction is designed to ensure that the insurance company has to pay benefits only for those pregnancies for which conception occurred during coverage. Suppose that conception occurred 2 weeks after coverage began. What is the probability that the insurance company will refuse to pay benefits because of the 275-day insurance requirement?
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Related Book For
Statistics The Exploration And Analysis Of Data
ISBN: 9781111804138
6th Edition
Authors: John M Scheb, Jay Devore, Roxy Peck
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