Claims require work by a human

Assignment Help Business Management
Reference no: EM131460515

Suppose a health insurance comapany can resolve 60% of claims using a computrised system, the remaning needing the work by humans. on a particular day 10 claims arrived assuming claims are indeoendent, what is the probability that;

Q1. between 3 or 4 (inclusive) claims require work by humans?

Q2. no more than 7 claims require work by a human?

Reference no: EM131460515

Questions Cloud

Number of overloads being experinced : A company examining its website operations notes the number of overloads being experinced follows a poisson distribution
What is the expected number that will graduate : At a local commuter college, 40% of students who enter the college as freshmen go on to graduate. Ten freshmen are randomly selected.
What is aftertax cost of debt : Rockingham Motors issued 30-year, 8 percent semiannual bond 3 years ago. What is the aftertax cost of debt?
Explain why researchers would consider qualitative methods : Identify three of the most salient aspects of the ten distinguishing characteristics of qualitative writing.Discuss why these aspects were selected.
Claims require work by a human : Q1. between 3 or 4 (inclusive) claims require work by humans? Q2. no more than 7 claims require work by a human?
What would have been corresponding probability in given year : The percentage of Americans who have confidence in U.S. banks dropped to 23% in June 2010, which is far below the pre-recession level of 41% reported in June 20
What journal entry would oi have made : What journal entry would OI have made to record the additiuonal $295 million of asbestos liability? You can ignore income taxeffects.
Narrative-some retirement planning : Narrative: A young couple, age 25, is doing some retirement planning. They plan to retire in 40 years at age 65.
How the ratios are likely to change over the next five years : Imagine that you are a chief financial officer. Based on the companies you choose, speculate on how the ratios are likely to change over the next five years.

Reviews

Write a Review

Business Management Questions & Answers

  Evaluating training programs

Discuss the 6 stages of the training process & Give examples of each, that you would implement in your workplace.

  How do you feel about the question is it legal to lie

How do you feel about the question, "is it legal to lie?" Do you agree or disagree with the statement? Give an explanation for your answer using evidence

  Why might this be a valid criticism

Why might this be a valid criticism?

  Competitive advantage does technology give to business

What competitive advantage does technology give to business? How does aging hardware affect this advantage? must be at least 200 words

  What magazine lottery have a choice among three alternatives

You can get $100,000 now, or $10,000 per year in perpetuity, or $50 000 now and $150,000 at the end of 10 years. If the appropriate discount rate is 12% per annum, which option should you choose?

  Sugar cane sweet plantation grew during the coming season

Candy Inc contracted an agreement with Sweet Plantation. Under the contract Candy Inc. agreed to purchase wholly the sugar cane Sweet Plantation grew during the coming season

  Do not want to do anything illegal and unethical

If you do not make this offer to the buyer, you have very good reason to believe that your major competitor will. You do not want to lose this sale, but you also do not want to do anything illegal and/or unethical

  Why should a short term or long term consequence

Why should a short term or long term consequence make a difference in resolving an ethical dilemma?

  Business running or expanding

Discuss how you could best use an SBA loan to get your business running or expanding? Provide specific examples to support your response

  Statement of changes in shareholders equity

Statement of Changes in Shareholders’ Equity, Balance sheet and Statement of Cash Flows

  Organization meets objectives of different stakeholders

Describe the extent to which an organization meets the objectives of different stakeholders.

  Recruitment drive for a consulting firm

Imagine that you have been taken on to undertake a recruitment drive for a consulting firm at the analyst and consultant level. What would you look for in prospective candidates? with online references and examples around 350 words.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd