Find the mean and standard deviation

Assignment Help Macroeconomics
Reference no: EM131093711

Suppose that a health plan asserts that a patient hospitalized with coronary heart disease requires no more than 6.5 days of hospital care. However, we believe that a stay pf 6.5 days is too low. To examine the claim of the health plan, assume further that we collected data depicting the lengths of stay of 40 patients who were hospitalized recently with coronary heart disease. The results of the sample are as follows:

5,8,9,12,7,9,10,11,4,7,8,5,8,13,11,10,6,5,8,9

5,12,7,9,4,8,7,7,11,5,8,10,5,8,2,11,3,6,8,7

If a = 0.05, use these data to evaluate the claim by the health plan

1) Enter the data set into Excel.

2) Click on the Data tab at the top.

3) Highlight your data set with your mouse.

4) Click on the Data Analysis tab at the top right.

5) Click on Descriptive Statistics in the analysis tool list.

6) Find the mean and standard deviation of the data sets.

Reference no: EM131093711

Questions Cloud

Planning an experiment comparing three fertilizers : We are planning an experiment comparing three fertilizers. We will have six experimental units per fertilizer and will do our test at the 5% level. One of the fertilizers is the standard and the other two are new;
Derive the new zero-sum restrictions : Suppose that we use the same idea, but instead of ordinary averages we use weighted averages with  as the weight for the th factor-level combination. Derive the new zero-sum restrictions for these weighted averages.
What could you do to protect the web server : What could you do to protect the web server, communication channels and databases? What company proprietary information needs to be protected?
Production function is the following : Suppose XYZ Corporation has a technology that uses only labor (L) and the production function is the following: one unit of labor will produce one unit of output (x), i.e., x=L. Also suppose that the firm can buy as much labor as it would ever wan..
Find the mean and standard deviation : Click on the Data Analysis tab at the top right. Click on Descriptive Statistics in the analysis tool list. Find the mean and standard deviation of the data sets.
What are the lengths of the line segments on the surface : What percentage of the total incoming radiation is concentrated in each of the following zones? What are the lengths of the line segments on the surface covered by the Sun beam at point A and point B?
Probability that the stock price : Consider a stock XYZ, whose price either goes up or down by exactly $1 each day. Suppose that XYZ's price goes up $1 with probability p and that XYZ's daily price changes are independent across days. What is value p that makes the probability that..
Explain cultural- legal- business and other factors : Pick a country, for analysis to determine how they apply cyber security to their government or private networks. Explain the cultural, legal, business and other factors involved in the decisions. Finally, what would you recommend the US governme..
Annualization factor at interest rate : To implement the project, a new equipment is purchased at $15,000 which has a useful life of 10 years. Using the annualization factor at 4% interest rate, what is the equipment's annual depreciation cost?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Explain the heckscher-ohlin model of comparative advantage

If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying or establishing comparative advantage, then the underlying facts explaining why a particular country dominates.

  Number of accidents while simultaneously decreasing the

Antilock brakes, airbags, and seatbelts increased the number of accidents while simultaneously decreasing the number of fatal accidents. Why does this happen?

  Strategy for internalizing positive externalities

Some real estate economists have argued that anchor stores in shopping malls create significant externalities for overall sales.

  Illustrate what impact could this have on the production

Illustrate what impact could this have on the level of production and therefore the unemployment rate.

  How much does linda include in gross income if she takes

The insurance company informs her that she has two options: (1) she can receive the entire $500,000 in one lump-sum payment or (2) she can receive annual installments of $58,000 for ten years.

  What is the average cost measured in terms of the odds of

The article states that between 285 and 1,437 people in the United States could die if everyone were vaccinated against smallpox. The population in the United State is about 300 million people. What is the average cost, measured in terms of the odds ..

  What was the apc before the increase in disposable income

Suppose that disposable income, consumption, and saving in some country are $800 billion, $700 billion, and $100 billion, respectively. Next, assume that disposable income increases by $80 billion, consumption rises by $60 billion, and saving goes..

  Describe the economic foundation of the u.s. healthcare

Describe the economic foundation of the U.S. healthcare delivery system

  Discuss whether you believe the country is on a good course

Using the information you gathered, discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth.

  Define the law of demand

Use Internet, and other sources of literature and locate an article concerning trends in consumption patterns.

  Advise the federal government about australian labour market

You are an Economist advising the Federal Government about the Australian Labour Market and issues relating to unemployment - does the minimum wage prevent lower rates of unemployment?

  Effect of decrease in price of substitute good

Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute  good (in consumption) decreases. What will happen to the short run to

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