This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order to set rates, an insurance company is trying to estimate the number of sick days that full ... (Read 80 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jul 25, 2018
In order to set rates, an insurance company is trying to estimate the number of sick days that full time workers at a
 
  What will be an ideal response?

Question 2

If sample data are taken from a population that is normally distributed, a normal probability plot of the observed data values versus the expected z scores will
 
  A) look exponential in nature. B) be approximately linear.
  C) have no discernable pattern. D) have a correlation coefficient near 0.
 
  Compute P(x) using the binomial probability formula. Then determine whether the normal distribution can be used as an approximation for the binomial distribution. If so, approximate P(x) and compare the result to the exact probability.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leannegxo

  • Sr. Member
  • ****
  • Posts: 374
Reply #1 on: Jul 25, 2018
Answer to Question 1

a) 17
b) 24; A 98 confidence interval requires a larger sample than a 95 confidence interval because more information is needed from the population to be 98 confident.

Answer to Question 2

B


Arii_bell

  • Member
  • Posts: 596
Reply 2 on: Jul 25, 2018
:D TYSM

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

The mark-recapture technique is often used to estimate population size. The mark-recapture technique is often used to estimate population size.
Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial
Time dependence of the rates of a chemical reaction Time dependence of the rates of a chemical reaction
Client files are kept in alphabetical order in locked file cabinets. Client files are kept in alphabetical order in locked file cabinets.
The Location and Number of Farms in the United States, 2012 The Location and Number of Farms in the United States, 2012
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: DNA close up Animation

For a complete list of videos, visit our video library