CMIIh
2021-09-13
Answered

where 30% of all admitted patients fail to pay their bills and the debts are eventually forgiven. suppose that the clinic treats 2000 different patients over a period of 1 year, and let x be the number of forgiven debts.
a. what is the mean (expected) number of debts that have to be forgiven?
b. find the variance and standard deviation of x.
c. what can you say about the probability that x will exceed 700?

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opsadnojD

Answered 2021-09-14
Author has **95** answers

From the given information we have 30% of patients fail to pay medical bills and the debts are eventually forgiven. Number of patients treated is 2000. Here Probability of successes

b) According to binomial distribution variance

Standard deviation is

c) Mean

Therefore, the probability that the number of forgiven debts will exceed 700 would be zero. Because it exceeds the value 661.48

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