The Health Care Cost Institute tracks health care expenditures for beneficiaries under theage of 65 who are covered by employer-sponsored private health insurance (Health CareCost Institute website, November 4, 2012). The data contained in the DATAfile namedDrugCost are consistent with the institute’s findings concerning annual prescription costsper employee. Analyze the data using Excel and answer the following questions.a. Develop a 90% confidence interval for the annual cost of prescription drugs.b. Develop a 90% confidence interval for the amount of out-of-pocket expense peremployee.c. What is your point estimate of the proportion of employees who incurred no prescription drug costs?

The Health Care Cost Institute tracks health care expenditures for beneficiaries under theage of 65 who are covered by employer-sponsored private health insurance (Health CareCost Institute website, November 4, 2012). The data contained in the DATAfile namedDrugCost are consistent with the institute’s findings concerning annual prescription costsper employee. Analyze the data using Excel and answer the following questions.a. Develop a 90% confidence interval for the annual cost of prescription drugs.b. Develop a 90% confidence interval for the amount of out-of-pocket expense peremployee.c. What is your point estimate of the proportion of employees who incurred no prescription drug costs?

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Description: The Health Care Cost Institute tracks health care expenditures for beneficiaries under theage of 65 who are covered by employer-sponsored private health insurance (Health CareCost Institute website, November 4, 2012). The data contained in the DATAfi

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 8SGR

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The Health Care Cost Institute tracks health care expenditures for beneficiaries under the age of 65 who are covered by employ ersponsored private health insurance. The data contained in the file DrugCost are con sistent with the institute’s findings concerning annual prescription costs per employee. Analyze the data using Excel and answer the following questions. a. Develop a 90% confidence interval for the annual cost of prescription drugs. b. Develop a 90% confidence interval for the amount of outofpocket expense per employee c. What is your point estimate of the proportion of employees who incurred…