Violation of the guideline for average patient

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Reference no: EM1321278

Test whether the average patient should pay no more than $250.

An auditor reviewed 25 oral surgery insurance claims from a particular surgical office, determining that the mean out-of-pocket patient billing above the reimbursed amount was $275.66 with a standard deviation of $78.11. (a) At the 5 percent level of significance, does this sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket? State your hypotheses and decision rule (b) Is this a close decision?

Reference no: EM1321278

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