Question

Late payment of medical claims can add to the cost of health care. An article reported that the mean time from the date of service to the date of payment for one insurance company was 41.4 days during a recent period. Suppose that a sample of 100 medical claims is selected during the latest time period. The sample mean time from the date of service to the date of payment was 39.6 days, and the sample standard deviation was 7.4 days. a. Using the 0.05 level of significance, is there evidence that the population mean has changed from 41.4 days? b. What is your answer in (a) if you use the 0.01 level of significance? c. What is your answer in (a) if the sample mean is 38.2 days and the sample standard deviation is 10.7 days?.....

pls help me step by step to solve …...

Answer 1

Late payment of medical claims can add to the cost of health care. An article

reported that the mean time from the date of service to the date of payment for

one insurance company was 41.4 days during a recent period. Suppose that a

sample of 100 medical claims is selected during the latest time period. The

sample mean time from the date of service to the date of payment was 39.6

days, and the sample standard deviation was 7.4 days.

a. Using the 0.05 level of significance, is there evidence that the population

mean has changed from 41.4 days?

b. What is your answer in (a) if you use the 0.01 level of significance?

c. What is your answer in (a) if the sample mean is 38.2 days and the sample

standard deviation is 10.7 days?

Answer 2

There is a late medical billing field; it can be easily handled due to overwhelming concepts.

The ancillary services are then taken with right administration and include hospitals or other healthcare facilities.

This should undergo by capitation and fixed payment will be included with health insurance and provider performed healthcare for medical billing.

Due to certain operations, it must consider with covered services for everything.