Probability that the paediatrician records

Assignment Help Accounting Basics
Reference no: EM131002442

A brilliant paediatrician has such excellent diagnostic skills that without re sorting to expensive and sometimes painful tests, she rarely misdiagnoses what ails her patients. Her overall average misdiagnosis rate of 1 per 1,000 consultations is all the more remarkable given that many of her patients are often too young to describe their symptoms adequately-when they can describe them at all; the pae- diatrician must therefore often depend on indirect information extracted from the parents and guardians during clinic visits. Because of her other responsibilities in the clinic, she must limit her patient load to precisely 10 per day for 325 days a year. While the total number of her misdiagnoses is clearly a Poisson random variable, the Poisson parameter λ = ηt is not constant because of the variability in her patient population, both in age and in the ability of parents and guardians to communicate effectively on behalf of their non-verbal charges. If λ has a gamma distribution with α = 13,β = 0.25,

(i) Determine the probability that the paediatrician records exactly 3 misdiagnoses in a year; determine also the probability of recording 3 or fewer misdiagnoses.

(ii) Compare these probabilities with the corresponding ones computed using a stan- dard Poisson model with a constant parameter.

Reference no: EM131002442

Questions Cloud

The blood is mixed with a form of chemical : When  someone  donates  blood,  the  blood  is  mixed  with  a  form  of  chemical  called  an anticoagulant. What do you think an anticoagulant is and how is it helpful to the storage of blood for future use?
Calculate the present worth of the investment : A textile firm in Argentina proposes you an investment for a period of 5 years. The initial investment is 100,000, the expenses for the first year are $10,000 (then-current) and will increase (due to usage of equipment) at rate of 10% per year.  calc..
Discuss the importance of health care information systems : Discuss the importance of health care information systems to health care professionals. Discuss four of the major health information systems and their use
Expand their facilities to accommodate new production : Acme Inc., needs to expand their facilities to accommodate a new production, line, The investment is $ 1 million dollar, and 80% is financed through the bank for 10 years at an annual interest of 10%. Since the company will invest 20% equity money (o..
Probability that the paediatrician records : Determine the probability that the paediatrician records exactly 3 misdiagnoses in a year; determine also the probability of recording 3 or fewer misdiagnoses.
What two body systems provide the regulation : What two body systems provide the regulation and control of all other body systems that is necessary for homeostasis?
The absolute value of the price elasticity of demand : Suppose the price of airfare from SFO to JFK increases from $330 to $360 while no other variables change. In consequence, the quantity of tickets sold decreases from 180 to 140. Calculate the absolute value of the price elasticity of demand. (Hint: u..
How much heat is required to convert : A)How much heat is required to convert 14.0 g of ice at -12.5oC to steam at 100.0oC ? Express your answer in joules.
Define the terms gap and parity : Define the terms "gap" and "parity" as they relate to health information systems. List the main categories of information and data

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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