An auditor reviewed 22 oral surgery insurance claims from a particular surgical office, determining that the mean out-of-pocket patient billing above the reimbursed amount was $270.89 with a standard...


An auditor reviewed 22 oral surgery insurance claims from a particular surgical office, determining that the mean out-of-pocket patient billing above the reimbursed amount was $270.89 with a standard deviation of $76.48.

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?


(a-1)

H
0:
μ
≤ $250 versus
H
1:
μ
> $250. Choose the right option.



  1. Reject
    H
    0
    if
    t
    calc
    <>

  2. Reject
    H
    0
    if
    t
    calc
    > 1.721



multiple choice 1





  • a





  • b Correct








(a-2)
Calculate the test statistic.(Round your answer to 2 decimal places.)


Test statistic



(a-3)
The null hypothesis should be rejected.

multiple choice 2





  • False Correct





  • True








(a-4)
The evidence does not show that the average out-of-pocket expense is greater than $250.

multiple choice 3





  • True Correct





  • False








(b)
Is this a close decision?

multiple choice 4





  • No Correct





  • Yes






Jun 03, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here