Medical Bills II Refer to Exercise 5.27 where30% of all admitted patients fail to pay
Chapter 5, Problem 28(choose chapter or problem)
Medical Bills II Refer to Exercise 5.27 where30% of all admitted patients fail to pay their bills andthe debts are eventually forgiven. Suppose that theclinic treats 2000 different patients over a period of1 year, and let x be the number of forgiven debts. a. What is the mean (expected) number of debts thathave to be forgiven?b. Find the variance and standard deviation of x.c. What can you say about the probability that x willexceed 700? (HINT: Use the values of m and s,along with Tchebysheffs Theorem.)
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