As health-care costs continue to increase, the number of employers who offer their employees telehealth options is growing. In 2021, net cost savings is estimated to be $19–$121 per telemedicine visit, depending on where the employee would have otherwise sought care (First Stop Health). The data shown below ($), for a random sample of 20 online doctor visits, are consistent with the savings per visit reported by First Stop Health. 93 106 55 77 94 77 52 33 84 48 49 73 92 83 41 56 41 97 74 101 Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings (in dollars) for a televisit to the doctor as opposed to an office visit. (Round your answers to the nearest cent.)
As health-care costs continue to increase, the number of employers who offer their employees telehealth options is growing. In 2021, net cost savings is estimated to be $19–$121 per telemedicine visit, depending on where the employee would have otherwise sought care (First Stop Health). The data shown below ($), for a random sample of 20 online doctor visits, are consistent with the savings per visit reported by First Stop Health. 93 106 55 77 94 77 52 33 84 48 49 73 92 83 41 56 41 97 74 101 Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings (in dollars) for a televisit to the doctor as opposed to an office visit. (Round your answers to the nearest cent.)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...
Related questions
Question
As health-care costs continue to increase, the number of employers who offer their employees telehealth options is growing. In 2021, net cost savings is estimated to be $19–$121 per telemedicine visit, depending on where the employee would have otherwise sought care (First Stop Health). The data shown below ($), for a random sample of 20 online doctor visits, are consistent with the savings per visit reported by First Stop Health.
| 93 | 106 | 55 | 77 | 94 | 77 | 52 | 33 | 84 | 48 |
| 49 | 73 | 92 | 83 | 41 | 56 | 41 | 97 | 74 | 101 |
Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings (in dollars) for a televisit to the doctor as opposed to an office visit. (Round your answers to the nearest cent.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill