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Author Question: Conduct a full hypothesis test and determine if the given claim is supported or not supported at the ... (Read 125 times)

Anajune7

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Conduct a full hypothesis test and determine if the given claim is supported or not supported at the 0.05 significance level. Round all amounts and standard scores to two decimal places.

A health insurer has determined that the "reasonable and customary" fee for a certain medical procedure is $1200. They suspect that the average fee charged by one particular clinic for this procedure is higher than $1200. The insurer wants to perform a hypothesis test to determine whether their suspicion is correct. The mean fee charged by the clinic for a random sample of receiving this procedure was $1280. Test whether the claim that the mean fee charged by this particular clinic is higher than $1200 is supported or not supported. Assume that
◦ supported
◦ not supported


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Marked as best answer by Anajune7 on Jan 18, 2020

Jmfn03

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Anajune7

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Reply 2 on: Jan 18, 2020
:D TYSM


T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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