Insurance companies are interested in the average health costs each year for their clients, so that they can determine the costs of health insurance. Match the vocabulary word with its corresponding example.  The cost each year for health care  All of the insurance company's clients  The 400 clients that the insurance company included in this study  The average health care cost each year for the 400 clients that the insurance company included in this study  The average health care cost each year for all of the insurance company's clients The list of the 400 annual health care costs for the clients that the insurance company include in the study   Population Sample Statistic Variable Parameter Data

Question

Insurance companies are interested in the average health costs each year for their clients, so that they can determine the costs of health insurance. Match the vocabulary word with its corresponding example.

  •  The cost each year for health care
  •  All of the insurance company's clients
  •  The 400 clients that the insurance company included in this study
  •  The average health care cost each year for the 400 clients that the insurance company included in this study
  •  The average health care cost each year for all of the insurance company's clients
  • The list of the 400 annual health care costs for the clients that the insurance company include in the study

 

  1. Population
  2. Sample
  3. Statistic
  4. Variable
  5. Parameter
  6. Data

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Math
Statistics

Other

Related Statistics Q&A

Find answers to questions asked by students like you.

Q: Hi  Requesting some assistance with the question below please - Calculations and explanations   Supp...

A: Provided information is, the height, in inches, of a 25-year-old man is a normal random variable wit...

Q: Statistics Question

A: The objective is to test whether the mean difference has higher potential Let μd be the mean differe...

Q: In examining the invoices issued by a company, an auditor finds that the dollar amounts of invoices ...

A: Click to see the answer

Q: 

A: Hey, since there are multiple subparts posted, we will answer first three subparts. If you want any ...

Q: In a study of government financial aid for college​ students, it becomes necessary to estimate the p...

A: Solution: a. From the given information, confidence level is 0.95 and E=0.03.

Q: A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first ...

A: Click to see the answer

Q: A recent study was conducted where 59 men, and 59 women, were observed washing their hands. Of the 5...

A: Given that, Of the 59 men, 19 were observed as not washing their hands. Of the 59 women, 8 were obse...

Q: Express the confidence interval 0.111<p<0.777 in the form pt E.

A: Given,   Lower bound = 0.111​ Upper bound = 0.777   Point estimate of population mean is,  

Q: solve the question given in the limit. you can upload handwritten answer also.

A: Obtain the 95% confidence interval for the difference between the mean number of days before remissi...

Q: Answer C D and E

A: From the provided information, Mean (µ) = 30 Standard deviation (σ) = 9 X~N (30, 9)

Q: As a general guideline, the research hypothesis should be stated as the O null hypothesis. tentative...

A: Null and alternative hypotheses: Null hypothesis: Null hypothesis is a statement which is tested for...

Q: To check whether the popularity of a political candidate is down from 65%, a random sample of 500 vo...

A: Click to see the answer

Q: An insurance company surveyed 400 drivers and 320 claimed they always buckled their seat belts. You ...

A: Click to see the answer

Q: 240 meters. Is there sufficient evidence to refute this claim? Use a = .10. BATIKIM 488 350 457 199 ...

A: From the given information, Sample size n =20 Using EXCEL function, “]AVERAGE(A1:A20)”, the Sample m...

Q: The p-value is 0.0052. At the 5% level of significance, the null hypothesis O should be revised. sho...

A: It is given that the p-value is 0.0052.

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of 1...

A: As the claim here is that the standard deviation of the number of accidents per day is no longer equ...

Q: The manufacturer of hardness testing equipment uses​ steel-ball indenters to penetrate metal that is...

A: Solution: From the given information, the pair of observations are 9, confidence level is 95%, CI=d¯...

Q: The manager of a computer retails store is concerned that his suppliers have been giving him laptop ...

A: n (sample size ) &gt; 30 , Then CLT is applicable

Q: Suppose that the average number of Facebook friends users have is normally distributed with a mean o...

A:   1. Central Limit Theorem for mean: If a random sample of size n is taken from a population having ...

Q: Hi can i get some help in answering the question below please. Show calculations along and explanati...

A: Let X be the random variable denotes that the length of the phone call in minutes It is given that X...

Q: (a) Describe all the requirements of a design for performing the one-way between-subjects ANOVA. (b)...

A: One - Way ANOVA :  The one-way analysis of variance (ANOVA) is used to determine whether there are a...

Q: The following table lists the percentages of space for eight magazines that contain advertisements a...

A:  

Q: What is the answer?

A: a. Given that, n=700; p^=0.20 Confidence level is 90% Critical value: The two tailed z critical valu...

Q: Assuming the population has an approximate normal distribution, if a sample size n = 11 has a sample...

A: Question 9: The sample size is 11, and sample standard deviation is 10. The confidence level is 80%....

Q: For the specified margin of error and confidence​ level, obtain a sample size that will ensure a mar...

A: From the provided information, Margin of error (E) = 0.05 Confidence level = 95%

Q: The amount of pollutants that are found in waterways near large cities is normally distributed with ...

A: Given that :  The amount of pollutants that are found in waterways near large cities is normally dis...

Q: State whether the following statement is true or false: “The correlation between height and weight i...

A: We know that, If X and Y be two variable, then Corr(X,Y) =Corr(Y,X)  

Q: Discuss the reasons and situations in which a businessperson would want to use linear regression. Ho...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a ti...

Q: Listed below are student evaluation ratings of courses, where a rating of 5 is for "excellent." The ...

A:      

Q: I am having trouble solving this problem.  Can you please provide me with some help?  Thank you.  I ...

A: Given that, The telecommunications manager at Lowell Call Center is concerned about the average diff...

Q: The table below includes results from polygraph (lie detector) experiments conducted by researchers....

A: State the hypotheses. Null hypothesis: Alternative hypothesis: Correct option: Option D

Q: The wait time at a drive-through fast-food restaurant has a standard deviation of 18.0 seconds. Use ...

A: Given claim: the standard deviation of wait time is less than 18.0 seconds. Null Hypothesis: H0: The...

Q: The effectiveness of a blood-pressure drug is being investigated. An experimenter finds that, on ave...

A: Given Information: On average, the reduction in systolic blood pressure is 45.4 for a sample of size...

Q: Refer to the data in images.  Test for a significant difference in the variances of theinitial white...

A: Solution: It is asked to test the claim that is there a significant difference in the variances of t...

Q: Please answer B, C &amp; D.

A: Denote p as the true population proportion of recidivism rate of convicted sex offenders.

Q: What is the answer?

A: Given information a) n = 350; p̂ = 0.30, α = 0.01

Q: A researcher wishes to estimate the proportion of adults who have​ high-speed Internet access. What ...

A: The objective is to estimate the sample size of adults who have​ high-speed Internet access. Given t...

Q: Ensure that you utilize the five-step model and show all your work when addressing the question. Doe...

A: Provided data displays a random sample of voting precincts pattern of voter turnout by election type...

Q: Please solve for all parts

A: Hello! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts.  In case yo...

Q: About 24% of flights departing from New York's John F. Kennedy International Airport were delayed in...

A: The assumption of Binomial distribution is all the trials are independent. Here the trials are arriv...

Q: The following information is obtained for a sample of 80 observations taken from a population. SS = ...

A: Given: Se=0.987α=0.03y^=164.68-2.88x Intercept=164.68 Slope=-2.88

Q: (a) The following data are from matched samples taken from two populations. Compute the difference v...

A: Hi, the question have more than 3 sub-parts. As per the guidelines I am obliged to answer first thre...

Q: In 1945​, an organization surveyed 1100 adults and​ asked, "Are you a total abstainer​ from, or do y...

A: In 1945 survey, among 1100 adults 407 indicate that they were total abstainers. The number of observ...

Q: In a survey it was found out that 60 out of 170 females and 32 out of 128 males preferred a certain ...

A: The test hypotheses are: Null hypothesis: H0: p1 = p2, that is, there is no sex difference in the pr...

Q: According to a newspaper, 78% of high school seniors have a driver's license. Suppose we take a rand...

A: 1] sample size n=200 2] p=78%=0.78

Q: Please answer B, C,  &amp; D.

A: (a)   Determine the type of study used.   The type of study used is “t-test for population mean”.   ...

Q: In a combined study of northern pike, cutthroat trout, rainbow trout, and lake trout, it was found t...

A: Given, In a study of northern pike, cutthroat trout, rainbow trout, and lake trout, it was found tha...