statistics

[troter]

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?

 

[tutor_joel]

you still need help with these troter? You need the equation:

\(\displaystyle z = \frac{\bar{x}-\mu}{\sigma}\)

and some sort of Z-table