Confidence interval estimation, Advanced Statistics

Assignment Help:

An auditor for a government agency needs to evaluate payments for doctors' office visits paid by Medicare in a small regional town during the month of June. A total of 25,056 visits occurred during June in this small regional town. The auditor wants to estimate the total amount paid by Medicare to within ± $5 with 95% confidence. On the basis of past experience, she believes that the standard  deviation is approximately $30.

(a) What sample size should she select?

Using the sample size selected in (a), an audit was conducted and it was found that the sample mean amount of reimbursement was $93.70 and the sample standard deviation was $34.55. In 12 of the office visits, an incorrect amount of reimbursement was provided. For the 12 office visits in which there was an incorrect reimbursement, the differences between the amount reimbursed and the amount that the auditor determined should have been reimbursed were as follows

$17 $25 $14 -$10 $20 $40 $35 $30 $28 $22 $15 $5

(b) Construct a 90% confidence interval estimate of the population proportion of reimbursements that contain errors.

(c) Construct a 95% confidence interval estimate of the population mean reimbursement per office visit.

(d) Construct a 95% confidence interval estimate of the population total amount of reimbursements for this small regional town.

(e) Construct a 95% confidence interval estimate of the total difference between the amount reimbursed and the amount that the auditor determined should have been reimbursed.


Related Discussions:- Confidence interval estimation

Expected frequencies, A term commonly encountered in the analysis of the co...

A term commonly encountered in the analysis of the contingency tables. Such type of frequencies are the estimates of the values to be expected under hypothesis of interest. In a tw

Rational –experiential inventory, Demographic data: Age: continuous vari...

Demographic data: Age: continuous variable Gender: categorical variable with males coded 1, females coded 2. Relationship status: categorical variable 1 to 5. Rational

TIME SERIES, moving and semi average method graphical reprsentation

moving and semi average method graphical reprsentation

Individual differences, Individual differences scaling is a form of multid...

Individual differences scaling is a form of multidimensional scaling applicable to the data comprising of a number of proximity matrices from the different sources that is differe

L''abbe ´ plot, L'Abbe ´ plot is often used in the meta-analysis of the cl...

L'Abbe ´ plot is often used in the meta-analysis of the clinical trials where the result is the binary response of it. The event risk (number of events/number of the patients in a

Mortality odds ratio, Mortality odds ratio  is the ratio equivalent to the ...

Mortality odds ratio  is the ratio equivalent to the odds ratio used in case-control studies where the equivalent of the cases are deaths from the cause of interest and the equival

Fuzzy set theory, A radically different approach of dealing with the uncert...

A radically different approach of dealing with the uncertainty than the traditional probabilistic and the statistical methods. The necessary feature of the fuzzy set is a membershi

Assignment, Different approaches to the study of early indian history

Different approaches to the study of early indian history

Business Statistic HW., Hello , I have a business statistic HW that is due ...

Hello , I have a business statistic HW that is due after 23 hours exactly for now . I need full and details answers please , plus they must be in a done and typed in a word or exce

Interior analysis, Interior analysis is the  term now and again applied to...

Interior analysis is the  term now and again applied to analysis carried out on the fitted model in regression problem. The basic target of such analyses is the identification of

Write Your Message!

Captcha
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